Aug 14 2018

Trade idea for the day

USDINR: After yesterday’s turmoil, the pair is looking relatively calm today. Momentum indicators are giving price reversal signal at extreme overbought territories. RSI(14) at 73.55, while MACD has given a bearish crossover with Signal line.

Our Preference: – Sell at 69.75-80

Target – 69.40

Stop loss – 69.96