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Technical Observations:

USDINR Dec future formed a bullish candle following the gravestone doji candlestick pattern, which implies positivity.

The pair is steady above the shortterm moving average of 10 days. Momentum Oscillator, RSI of 14 days period is almost flat and is placed above 50 on the daily chart.

MACD has been placed above a zero linewith a flat line. Long buildup has been seen as price and open interest gained.

Short Term Trend: Neutral/sideways

Expected Trading Range: 83.30 to 83.50

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

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