Feb 16 2019

Rupee logs best week in 6 on inflows

Weekly Synopsis Date:- 16th February 2019 Markets from 11th February 2019 to 15th February 2019:- Indian Rupee Indian rupee posted its first weekly rise in six weeks against the dollar, helped by dollar inflows into local markets even as rally in crude oil prices trimmed most of the weekly gains. For the week rupee rose

Feb 13 2019

Rupee off highs on importers Dollar demand

Financial Market Overview 13th February, 2019 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee came off the day’s high against the dollar in afternoon trade, as importers stepped up greenback purchases amid an apparent intervention by the central bank, limiting gains triggered from upbeat global risk appetite and robust local economic data. The

Feb 12 2019

Financial Market Overview

12th February, 2019 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- Indian rupee extended gains to trade near a one-month high against the dollar in afternoon trade, as banks continued to sell the greenback on behalf of their custodial clients, outweighing broad strength in the U.S. currency. The rupee was last seen at 70.82 to

Feb 11 2019

Crude Oil (WTI):- Bulls likely to roar

Crude Oil (WTI):- The crude oil (WTI) has marked its recent peak at $55.72 on 4th Feb 2019, after that – price turned back after an attempt towards the short term trend-line resistance. Refer the 4hour chart, in which the black gold is hovering close to its 200 period simple moving average (green coloured line)

Feb 11 2019

Trade Idea of the day

USDINR:-On a hourly chart, the pair is likely to find the support at 50 period exponential moving average – which is coming at 71.18 now. RSI (14 period) is at 34 mark, close to its oversold zone – signalling a possible intra-day up move. Our Preference:- Buy at  71.16 Target- 71.32 and 71.37 Stop loss-