USDINR spot can give a dip upto 61.35: Nirmal Bang
Nirmal Bang has come out with its report on currencies. According to the research firm, USD/INR (SPOT) can give a dip upto 61.35 one can buy on dips. It has a good intraday support at 61.10, says the report.
October 24, 2013 / 11:46 IST
Nirmal Bang's report on currencies
USD/INR (SPOT) can give a dip upto 61.35 but buying on dips is recommended for intraday trading. It has a good intraday support at 61.10 and resistance is at 61.90. Expected intraday range is 61.35 - 61.85.EUR/USD can trade with a negative bias during the day. Selling on rise upto 1.3800 is recommended for intraday trading. It has a good intraday support 1.3700 & resistance at 1.3850. Expected intraday range is 1.3700 - 1.3800.GBP/USD can trade with a negative bias but selling on rise upto 1.6200 is recommended for intraday trading. It has an intraday support at 1.6100 and resistance at 1.6250. Expected intraday range is 1.6100 - 1.6200.USD/JPY can trade with a positive bias but buying on dips upto 97.15 should be the strategy for intraday trading. It has a good intraday support at 96.75 & resistance is at 98.00. Expected intraday range is 97.15 - 98.00.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 
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