trading call
Apr 18 2018

Trade Idea for the day

USDINR :- Pair of opening highs currently trading around 21 day SMA. Momentum indicators like RSI giving selling signals and MACD above zero line giving sell signals.

Our Preference:-  Sell Above 65.70

Target – 65.50-65.55

Stop loss – 65.84

EURINR: – Below 14 Day SMA on hourly charts , currently trading below day’s high levels. MACD Crossover above zero line giving selling signals.

Our Preference: – Sell above 81.30

Target – 81.05-81.10

Stop loss – 81.61

GBPINR: – Trading well below opening levels, sell off after recent data release today. RSI in oversold territory with MACD around zero line giving buy signals.

Our Preference: – Buy below 93.15-93.20

Target – 93.50-93.55

Stop loss – 93.05

JPYINR: – Seen taking support at around horizontal blue line is trading below 14 Day SMA on hourly charts, RSI and MACD around zero line giving neutral signals.

Our Preference: – Buy at 0.6110-0.6115

Target – 0.6130-0.6135

Stop loss – 0.6095