Oct 15 2018

Trade idea for the day

USDINR: The pair seems struggling with 50 period EMA at around 73.90-93, signalling a intraday fall. RSI 14 period is also hovering below 50 mark.

Our Preference: – Sell at 73.85-90

Target – 73.55

Stop loss – 73.97.

EURINR: The pair is trading well above 50 period EMA. RSI 14 period is neutral to bullish at 59 mark while the Chaikin Money flow is trying to cross its zero-line to give strength to the current trend.

Our Preference: – Buy at 85.33

Target – 85.60

Stop loss –85.18