Apr 12 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 giving sell signals.

Our Preference:-  Sell above 65.42

Target – 65.25-65.30

Stop loss – 65.51

EURINR: – Pair is trading above 14 Day SMA on hourly charts, RSI is indicating a sell in the pair While MACD crossover above zero line giving sell signals.

Our Preference: – Sell above 80.90

Target – 80.65-80.70

Stop loss – 81.04

GBPINR: – Pair is trading Above 21 Day SMA on hourly charts, with MACD liekly to give a crossover above zero line and RSI neautral signaling a sell in the pair.

Our Preference: – Sell above 92.70

Target – 92.35-40

Stop loss – 92.83

JPYINR: – Pair is trading above 14 Day SMA on hourly charts, RSI is indicating a sell and MACD above zero line giving bearish bias in the pair.

Our Preference: – Sell Above 0.6120

Target – 0.6080-0.6085

Stop loss – 0.6131