May 08 2018

Trade Idea for the day

USDINR :- Pair has recovered from day’s low levels , on hourly charts currently trading below 14 day SMA. Momentum indicators like RSI is indicating to buy and MACD is above zero line giving mixed signals , we can see pair heading close to opening levels.

Our Preference:-  Buy below 67.05

Target – 67.20-67.25

Stop loss – 66.95

EURINR: – Pair trading at around 1 month low levels, Momentum indicators like RSI in oversold category and MACD below zero line giving buy signals.

Our Preference: – Buy Around 79.65

Target – 79.90-79.95

Stop loss – 79.53

GBPINR: – Pair is seen consolidating after a sharp fall on hourly charts , RSI indicating to buy and MACD around zero line giving buy signals.

Our Preference: – Buy at 90.65

Target – 90.90-90.95

Stop loss – 90.53