Powered by: Motilal Oswal
Related News
15-12-2023 10:28 AM | Source: HDFC Securities
The 10 DEMA is about to cross 21 DEMA downward - HDFC Securities
News By Tags | #HDFCSecurities #CurrencyTips

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

USDINR

Technical Observations:

USDINR Dec future closed below 21 days moving average almost after a month.

The 10 DEMA is about to cross 21 DEMA downward. Momentum Oscillator, RSI of 14 days period turned down and weakened below 50 on the daily chart.

MACD has been placed above a zero line but on a flat line. Long unwinding has been seen as price and open interest declined.

Short Term Trend: Neutral/sideways

Expected Trading Range: 83.30 to 83.50

Intraday Recommendation: (Hold) Sell USDINR Dec. Fut. at 83.45/83.48 SL 83.53 Target 83.32

 

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

SEBI Registration number is INZ000171337

                                                                                                                                                                                                                                                                         

To Read Complete Report & Disclaimer     Click Here

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


Latest News
Evening Track : Gold prices steady amid softer U.S. ...
Government striving to make India food basket of wor...
Buy Crudeoil Above 5980 SL Below 5900 TGT 6100/6160 ...
``The Benefits of a Plant-Based Diet: Nourishing You...
RBI`s study : Lens on fiscal reforms amid likely fis...
Muthoot Pappachan Group`s Fourth-Generation Leaders ...
RBI MPC Minutes : Growth concerns, but divergence in...
Coffee, tea may protect against head & neck cancer: ...
Gold and Silver`s Outlook remains Positive for 2025
Would love to see Virat Kohli and Jasprit Bumrah pla...

Top News

Oil edges lower after rallying to highest in over a month on Middle East war risk
Bhagalpur power sub-station to benefit 1.21 lakh people
Bhagalpur power sub-station to benefit 1.21 lakh people
Indian shares log gains on less-hawkish Fed, easing oil prices
Indian shares log gains on less-hawkish Fed, easing oil prices
India cenbank committed to price stability while supporting growth-Patra
India cenbank committed to price stability while supporting growth-Patra

Tag News

Daily Commodity Market Outlook 23.12.2024 by Mr. Anuj Gupta, HDFC Securities

Daily timeframe indicates that Nifty has broken its recent supports of 24180-23873 and also closed below 200 day EMA - HDFC Securities Ltd
Daily timeframe indicates that Nifty has broken its recent supports of 24180-23873 and also closed below 200 day EMA - HDFC Securities Ltd
Crude oil closed the day down as the US dollar extended gains following the Fed`s hint of a more cautious approach to interest-rate decreases next year - HDFC Securities
Crude oil closed the day down as the US dollar extended gains following the Fed`s hint of a more cautious approach to interest-rate decreases next year - HDFC Securities
Nifty made an intraday low at 23870, which was near to the previous swing low made on 28th November 2024 - HDFC Securities Ltd
Nifty made an intraday low at 23870, which was near to the previous swing low made on 28th November 2024 - HDFC Securities Ltd

More News

EURINR pair drifted lower towards the 50 day moving average - Axis Securities Ltd
The Indian rupee is expected to open slightly higher amid risk-on sentiments and lower crude oil prices - HDFC Securities
The Indian rupee is expected to open slightly higher amid risk-on sentiments and lower crude oil prices - HDFC Securities
EURINR is continuing its bullish movement and yesterday it was given close around 88.25 - Swastika Investmart
EURINR is continuing its bullish movement and yesterday it was given close around 88.25 - Swastika Investmart
The USD/INR futures pair has support at 83.10 levels - Monarch Networth Capital Ltd
The USD/INR futures pair has support at 83.10 levels - Monarch Networth Capital Ltd