USDINR Feb futures traded sideways, and the pair has short-term resistance at 83.30 and support at 83.05 - HDFC Securities
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USDINR:
Technical Observations:
* USDINR Feb futures traded sideways, and the pair has short-term resistance at 83.30 and support at 83.05.
The pair is hovering near 21 DEMA.
Momentum Oscillator, RSI of 14 days period is placed below 50 on the daily chart
MACD has been placed below a zero linewith a positive cross-over
Long buildup has been seen as price and open interest gained.
Short Term Trend: Neutral
Expected Trading Range: 83.05 to 83.35
Intraday Recommendation: Sell USDINR Feb. Fut. below 83.20/83.30 SL 83.34 Target 83.01
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