IGI Logo

Technical Observations:

* Spot USDINR took support at 200 SDMA and witness recovery on Tuesday.

* The pair has support at 82.25, the 10 DEMA.

* Short-term moving average is placed below medium-term moving average. 

* Momentum Oscillator, RSI of 14 days period is placed below 50 but witnessed recovery.

* MACD has been floating below a zero line. Short covering has been seen as price gained while the open interest declined. 

* We expect the pair to trade between 81.60 to 82.30 with a negative bias. 

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