USDINR February futures expected to consolidate in the range of 74.80 to 75.30 range before directional movements - HDFC Securities Ltd
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
Technical Observations:
• USDINR February futures expected to consolidate in the range of 74.80 to 75.30 range before directional movements.
• The pair has been holding well above short term and medium term moving averages with higher top higher bottom formation on daily chart. • Relative Strength Index of 14 days period stays floating above breakeven line indicating consolidation.
• Fresh Long has been seen with rise in price, open interest while volumes remained dried amid decline in volatility
• USDINR February futures likely to trade between 74.80 to 75.10 in todays trade. The medium term trend remains up till it holds level of 74.60.
USDINR February Daily Chart
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
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
