Jun 12 2018

Trade Idea for the day

USDINR :- Opened higher at 67.52 and fell to make a low of 67.3650, currently below 14 day SMA on hourly charts. Momentum indicators like RSI at 46 and MACD around zero line giving buy signals.

Our Preference:-  Buy Below 67.40

Target – 67.55-67.60

Stop loss – 67.30

EURINR: – Pair currently trading close to the opening levels likely to head towards blue resistance line on top. Technical indicators like RSI around 50 levels and MACD around zero line are Neutral.

Our Preference: – Buy Below 79.40

Target – 79.60-79.65

Stop loss – 79.29

GBPINR: – Gained from opening levels of 90.13 seen heading higher, currently below 14 Day SMA. Momentum indicators Like MACD crossover below zero line and RSI around 50 giving buying signals.

Our Preference: – Buy below 90.30

Target – 90.50-90.55

Stop loss – 90.18