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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
