trading call
Apr 24 2018

Trade Idea for the day

USDINR :- On daily charts pair has seen some correction during the day currently trading below 21 day SMA. Momentum indicators like RSI is neutral  and MACD approaching zero line giving sell signals.

Our Preference:-  Buy below 66.35

Target – 66.50-66.55

Stop loss – 66.24

EURINR: – Technically pair can be bought as RSI is heading towards oversold zone with MACD below zero line, currently trading below 21 day SMA can be bought at day’s low levels.

Our Preference: – Buy below 81.00

Target – 81.25-81.30

Stop loss – 80.90

GBPINR: – On Daily charts pair is seen taking support near 21 day SMA. RSI heading towards oversold territory with MACD below zero line giving bullish signals.

Our Preference: – Buy below 92.45-50

Target – 92.70-92.75

Stop loss – 92.34

JPYINR: – Pair is Seen holding current levels at around horizontal blue line is trading below 14 Day SMA on hourly charts, RSI  is oversold with MACD likely to give crossover below zero line giving buy signals.

Our Preference: – Buy at 0.6090-0.6095

Target – 0.6125-0.6130

Stop loss – 0.6077