Sell USDINR Mar. Fut. at 83.03 SL 83.13 Target 82.88 - HDFC Securities Ltd
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Technical Observations:
USDINR March futures formed a gravestone doji candlestick pattern indicating indecisiveness.
The pair has been trading well below short-term moving averages.
Momentum Oscillator, RSI of 14 days period is almost flat and is placed below 50.
ADX line has been heading north with –DI placed above +DI exhibiting a continuationof a bearish trend.
Minor long buildup has been seen as the price and open interest gained.
Short Term Trend: Bearish Expected
Trading Range: 83.15 to 82.90
Intraday Recommendation:
Sell USDINR Mar. Fut. at 83.03 SL 83.13 Target 82.88
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SEBI Registration number is INZ000171337
