USDINR :- Seen taking support at around 66.65 levels currently trading below 21 day SMA, Momentum indicators like RSI is neutral and MACD above zero line.
Our Preference:- Buy at 66.65
Target – 66.80-66.85
Stop loss – 66.57
EURINR: – The recent fall in the pair has been on account of correction in euro crosses currently trading around 21 day SMA on hourly charts , Momentum indicators like MACD below zero line is indicating to buy with RSI neutral.
Our Preference: – Buy below 80.10
Target – 80.40-80.45
Stop loss – 79.90
GBPINR: – Recovery in GBP crosses pushed the pair higher above 21 day SMA now. RSI is indicating buy with MACD below zero line giving buy signals.
Our Preference: – Buy below 90.90
Target – 91.20-91.25
Stop loss – 90.70
JPYINR: – Pair currently trading below 14 day SMA seen taking support around day’s low levels, RSI indicating buy and MACD below zero line giving buy signals.
Our Preference: – Buy below 0.6070
Target – 0.6085-0.6090
Stop loss – 0.6058