Oct 10 2018

Trade idea for the day

USDINR: Immediate support on the 30 minutes chart is seen at levels around 74.15-20, RSI (14 period) is neutral at 50 mark.

Our Preference: – Buy at 74.15-20

Target – 74.40

Stop loss – 74.05.

JPYINR: A short term support of 50 period EMA is seen at 0.6550, and the pair seems holding that area. Slow Stochastic is hovering close to its oversold region.

Our Preference: – Buy at 0.6556

Target – 0.6582

Stop loss – 0.6545