Apr 09 2018

Trade Idea for the day

USDINR :- Pair is trading around  21 day SMA on 30-min chart, is currently trading above the opening levels. Momentum indicators RSI is neutral while MACD below zero line indicating bullish baised in the pair.

Our Preference:-  Buy  at 64.90-64.95

Target – 65.10-65.15

Stop loss – 64.80

EURINR :-  Pair is trading above 14 Day SMA on hourly charts, RSI is  heading towards overbought territory at current levels While MACD is above zero line giving sell signals.

Our Preference :-  Sell above 79.80

Target – 79.55-79.60

Stop loss – 79.95

GBPINR: – Pair is trading Above 21 Day SMA on hourly charts, MACD Above zero line and RSI is towards overbought teritory signaling a sell in the pair.

Our Preference :-  Sell Above 91.70

Target – 91.50-91.55

Stop loss – 91.85

JPYINR :- Pair is trading below 21 Day SMA on hourly charts, RSI is neutral and MACD is just above zero line. Pair is trading well below day high levels.

Our Preference :-  Buy at 0.6050-0.6055

Target – 0.6070-0.6075

Stop loss – 0.6040