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USDINR likely to trade in range of 62.30-62.70: Nirmal Bang

Nirmal Bang has come out with its report on currencies. According to the research report USDINR can trade with a positive bias during the day. Expected intraday range is 62.30-62.70.

February 06, 2014 / 12:54 IST
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Nirmal Bang report on currencies:

USDINR (SPOT): USDINR can trade with a positive bias during the day. Buying on dips upto 62.30 is recommended for intraday trading. Expected intraday range is 62.30 – 62.70

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EURUSD can trade with a positive bias during the day. Buying on dips upto 1.3500 is recommended for intraday trading. Expected intraday range is 1.3500 – 1.3590.GBPUSD can trade with a positive bias for the day. Buying on dips upto 1.6280 is recommended for intraday trading. Expected intraday range is 1.6280 – 1.6375.

USDJPY can trade with a positive bias during the day. Buying on dips upto 101.30 is recommended for intraday trading. Expected intraday range is 101.30 - 102.10.