Apr 16 2018

Trade Idea for the day

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

Our Preference:-  Sell Above 65.45

Target – 65.30-65.35

Stop loss – 65.55

EURINR: – Pair is trading well above 14 Day SMA on hourly charts, RSI is giving bearish signals While MACD above zero line giving sell signals.

Our Preference: – Sell above 80.70

Target – 80.40-80.45

Stop loss – 80.86

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

Our Preference: – Sell above 93.30

Target – 93.00-93.05

Stop loss – 93.47

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

Our Preference: – Sell above 0.6100

Target – 0.6080-0.6085

Stop loss – 0.6115