Mar 20 2019

Trade idea of the day

USDINR– In hourly chart, the pair is likely to slope downside to take a correction for yesterday’s rally. Price is trading near to 50 days EMA and upper band of bollinger band, which might be a resistance also. Stochastic slow is at 86 (overbought zone). Our Preference– Sell at 69.03 Target– 68.80 Stop loss– 69.18

Mar 19 2019

VIX to peak till May 23?

India VIX is nothing but the implied volatility of NSE Nifty option, which helps to understand the overall market volatility for the coming 30 trading sessions. A rising index indicates high uncertainty in the market with the movement in price is expected to be volatile while a falling VIX shows higher confidence in the market

Mar 19 2019

Trade idea of the day

USDINR– Price action is following downtrend so it is the time for traders to follow the trend. Applied technical study (Bollinger band) Price is trading near to the middle band and likely to take its resistance. Our Preference– Sell at 68.50 Target-68.25 Stop loss– 68.63

Mar 15 2019

USDINR Ideas – turnaround closeby

What a fantastic move it has been. Just when the market participants were getting comfortable at 70.50 – 71.50, rupee surges to its highest level since mid August 2018 – 69.09 is today’s close. I remember reading multiple currency forecasts (in our reputed pink papers) – predicting substantial rupee weakening (towards 75 – 78, some

Mar 14 2019

Trade idea of the day

USDINR– After a gap up we expect price action is likely to move upward. Bullish divergence is seen in MACD and Stochastic slow- Macd is below zero line and Stochastic slow is near to its oversold territory (already had bullish crossover). Our Preference– Buy at 69.55 Target– 69.85 Stop loss– 69.39 GBPINR– Recently we see price action

Mar 13 2019

EURINR- Time to rebound

On the daily chart, it is noticeable that from last couple of months the pair is declining continuously. This downfall of price action is finally trading at the support line (Yellow Line) and seems holding the fall here. This support line worked brilliantly earlier whenever the contraction occurred. Price action is now trading at lower