Apr 03 2018

Trade Idea for the day

USDINR :- Pair is seen trading in a narrow range , can be bought at lower levels. Momentum indicators like RSI and MACD are giving neutral signs.

Our Preference:-  Buy  at 65-65.02

Target – 65.10

Stop loss – 64.95

 

EURINR :-  Pair is trading below 5 Day SMA on 30min charts, RSI is  heading towards oversold territory at current levels While MACD is below zero line giving buy signals.

Our Preference :-  Buy at 79.90-95

Target – 81.20-25

Stop loss – 79.85

 

JPYINR :- Pair is trading below 14 Day SMA on 30min charts, RSI is  heading towards oversold territory MACD is below zero line giving buy signals.

Our Preference :-  Buy at 61.15-61.20

Target – 61.40-61.45

Stop loss – 61.10