Home / TIPS / Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-09-2015

Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-09-2015

Mtechtips MCX-SX USDINR INTRADAY trading analysis 24-09-2015

Mtechtips The Indian rupee depreciated on Wednesday as weaker than expected manufacturing Purchasing Managers Index in China sparked concerns over a global slowdown while bond yields traded flat on buying by state-run banks on hopes of Reserve Bank of India rate cut next week and weakness in the local currency.USDINR traded in between the range of 65.92-66.10 levels and settled at 66.0150 slightly positive. A high wave candle stick formation on EOD chart is not indicating for strong signal of either side direction.Today, 66.25 will act as an immediate resistance and any rise towards 66.25-66.30 could attract short term selling activities with stop loss above 66.40. On the other hand, sustain trade above 66.40 only could open the door for next resistance 66.80-67.00.

WWW.MTECHTIPS.COM

07489294118-119

About mtechtips

Leave a Reply

x

Check Also

SELL AUROPHARMA FUTURE BELOW 719 – Ways2Capital

NSE FUTURE : SELL AUROPHARMA FUTURE BELOW 719 ...