USD/INR SPOT:
Rupee rally halted dot at Jan12 first buy level of 50.65 (in line with immediate support for spot rupee at 50.50). The bounce from there into 50.60 is attracting supplies. No change in view.
FX premium:
Triggered S/April receive of above 112.50 and S/December receive of above 277. No change in view
EUR/USD:
Getting worried on shorts at 1.2800 as the bounce from 1.2735 is sharp. Play with tight stop at 1.2810 (with t/p at 1.2700). We may not rule out at this stage for quick visit into 1.2875-1.2950 before reversal. Let us sell here for 1.2550-1.2450.
Good luck
Rupee rally halted dot at Jan12 first buy level of 50.65 (in line with immediate support for spot rupee at 50.50). The bounce from there into 50.60 is attracting supplies. No change in view.
FX premium:
Triggered S/April receive of above 112.50 and S/December receive of above 277. No change in view
EUR/USD:
Getting worried on shorts at 1.2800 as the bounce from 1.2735 is sharp. Play with tight stop at 1.2810 (with t/p at 1.2700). We may not rule out at this stage for quick visit into 1.2875-1.2950 before reversal. Let us sell here for 1.2550-1.2450.
Good luck
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