USDINR: Relative Strength Index (RSI 14 period) started turning back from its oversold zone. A short term trend-line support is seen at levels around 72.50.
Our Preference: – Buy at 72.58-60
Target – 72.80
Stop loss – 72.50
EURINR: On the hourly chart, a bullish divergence between price action and slow stochastic is seen – signalling the prices to reverse. Immediate resistance is seen towards 82.00 mark.
Our Preference: – Buy at 81.64
Target – 81.97
Stop loss –81.51