Sep 11 2018

Trade idea for the day

USDINR: The pair seems facing trend-line resistance at around 72.40 levels and immediate support of 50 period EMA is looking at 72.12-15. RSI (14) is neutral state.

Our Preference: – Sell at 72.37-40

Target – 72.15

Stop loss – 72.48

JPYINR: The pair had found it trend-line support on 30 minutes chart at 0.6480 mark. Momentum indicator RSI has also turned back after reaching the oversold territory.

Our Preference: – Buy at 0.6488

Target – 0.6510

Stop loss – 0.6480