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03-01-2024 09:44 AM | Source: HDFC Securities
USDINR Jan futures closed above 21 DEMA - HDFC Securities
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USDINR

Technical Observations:

* USDINR Jan futures closed above 21 DEMA.

* It also surpassed the trend line resistance at 83.40. Momentum Oscillator, RSI of 14 days period is placed above 50  and strengthening. MACD has been given a positive crossover to a MACD average.

* Long buildup has been seen as the price and open interest gained.

* Short Term Trend: Bullish above 83.60 Expected Trading Range: 83.20 to 83.55 Intraday Recommendation: Buy USDINR Jan Futures above 83.45 and add at 83.35 SL 83.31 Target 83.64

 

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