Oct 22 2018

Trade idea for the day

USDINR: A trend-line support on a hourly chart is seen at around 73.20 mark and a Rickshaw man Doji has also formed at the support zone. RSI (14 period) is hovering close to its oversold territory.

Our Preference: – Buy at 73.25-28

Target – 73.50

Stop loss – 73.17

EURINR: The pair managed to close its hourly candle above the trend-line resistance, a sign of bull move. Before inching higher a pullback is also required, one can capture that opportunity for going long.

Our Preference: – Buy at 84.50

Target – 84.84

Stop loss –84.38