NIFTY:
Sliced thruough immeidate support of 5400-5385 and brings the next support at 5240-5225 into focus (low so far is 5300 at big figure support). Any correction from now on will stay below 5350 for move into 5240-5225 to trigger the first lot buy at 5225 for strategic investors.
USD/INR Spot:
The greenback bounced from intraday low of 48.95 and set to move into our sell window of 49.15-49.25 to trigger our sale of April 2012 dollars at 49.90-50.00. The bullish undertone for rupee is strong despite risk from OIL factor.
USD/JPY:
Came off swiftly from the set sell zone of 81.50-82.00 (high of 81.61) and now at 80.95 after posting a low of 80.79. It is a counter trend trade; hence play with trail stop at 81.25. The buy entry at 80.25-79.75 is valid.
Good luck.............Moses Harding
Sliced thruough immeidate support of 5400-5385 and brings the next support at 5240-5225 into focus (low so far is 5300 at big figure support). Any correction from now on will stay below 5350 for move into 5240-5225 to trigger the first lot buy at 5225 for strategic investors.
USD/INR Spot:
The greenback bounced from intraday low of 48.95 and set to move into our sell window of 49.15-49.25 to trigger our sale of April 2012 dollars at 49.90-50.00. The bullish undertone for rupee is strong despite risk from OIL factor.
USD/JPY:
Came off swiftly from the set sell zone of 81.50-82.00 (high of 81.61) and now at 80.95 after posting a low of 80.79. It is a counter trend trade; hence play with trail stop at 81.25. The buy entry at 80.25-79.75 is valid.
Good luck.............Moses Harding
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