01-01-1970 12:00 AM | Source: HDFC Securities Ltd
USDINR December futures sustained above short term moving averages - HDFC Securities
News By Tags | #2767 #2034

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

USDINR December futures sustained above short term moving averages -  HDFC Securities 

USDINR

Technical Observations:

USDINR December futures sustained above short term moving averages. Short term moving averages are placed above medium term moving averages.

The pair has given falling channel resistance breakout on hourly chart.

From the derivative data perspectives, the pair has seen rise in price and increase in open interest considered as fresh long buildup. However, volume remains lower following higher volatility.

Momentum oscillator, Relative Strength Index of 14 days period heading north with positive cross over indicating bullishness.

USDINR December futures expected to show some profit booking in today’s trade with downside support around 75 and resistance at 75.40.

 

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer