TRADING
Apr 11 2018

Trade Idea for the day

USDINR :- Pair is trading well above 21 day SMA on Hourly chart. Momentum indicators like RSI heading towards overbought teritory and MACD above zero line.

Our Preference:-  Sell above 65.15

Target – 65-65.05

Stop loss – 65.25

EURINR: – Pair is trading above 14 Day SMA on hourly charts, RSI is hovering close to overbought territory While MACD is above zero line giving bearish signals.

Our Preference: – Sell above 80.65-80.70

Target – 80.35-80.40

Stop loss – 80.80

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

Our Preference: – Sell at 92.65-92.70

Target – 91.35-40

Stop loss – 92.85

JPYINR: – Pair is trading above 5 Day SMA on hourly charts, RSI is around overbought teritory and MACD above zero line giving bearish bias in the pair.

Our Preference: – Sell Above 0.6100

Target – 0.6070-0.6075

Stop loss – 0.6115