Mar 14 2019

Trade idea of the day

USDINR– After a gap up we expect price action is likely to move upward. Bullish divergence is seen in MACD and Stochastic slow- Macd is below zero line and Stochastic slow is near to its oversold territory (already had bullish crossover).

Our Preference– Buy at 69.55

Target– 69.85

Stop loss– 69.39

GBPINR– Recently we see price action has fallen too much so expecting upside move. Prices are trading at middle band of Bollinger band and likely to take support from this band.

Our Preference– Buy at 92.30

Target– 93.20

Stop loss– 91.80