Sep 27 2018

Trade idea for the day

USDINR: On a 30 minutes chart, the pair USDINR seems facing short term resistance at 72.70-73 mark. RSI 14 period is neutral at 53.

Our Preference: – Sell at 72.68-73

Target – 72.50 and 72.36

Stop loss – 72.78.

EURINR: EURINR on a hourly chart seems holding the support of 200 period Simple moving average, a upward sloping trend-line is also providing a short term support at current levels. RSI 14 period is at 35 mark, means close to its oversold zone.

Our Preference: – Buy at 84.98

Target – 85.30

Stop loss – 84.83