USD/INR:
Rupee is now boxed at 52.15-52.35. Now allow possible overshoot below 52.15 into 52.05 which should hold for back into 52.35-52.50. Over all, consolidation at 52.00-52.50 is preferred.
Buy in 3 lots at 52.15/52.10/52.05 with stop below 52.00
Sell in 3 lots at 52.35/52.40/52.45 with stop above 52.50
Moses Harding
Rupee is now boxed at 52.15-52.35. Now allow possible overshoot below 52.15 into 52.05 which should hold for back into 52.35-52.50. Over all, consolidation at 52.00-52.50 is preferred.
Buy in 3 lots at 52.15/52.10/52.05 with stop below 52.00
Sell in 3 lots at 52.35/52.40/52.45 with stop above 52.50
Moses Harding
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