Sep 05 2018

Trade idea for the day

USDINR: Divergence in RSI (14 period) at overbought territory in the 30 minutes charts is suggesting a intra-day correction in the pair..

Our Preference: – Sell at 71.72-78

Target – 71.60 and 71.40

Stop loss – 71.85

EURINR: Technical chart of 30 minutes is showing a bearish divergence in RSI (14 period) and the divergence is in over bought region.

Our Preference: – Sell at 83.15-20

Target – 82.90

Stop loss – 83.33