USDINR Jan futures traded below the short-term moving average of 21 days - HDFC Securities
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USDINR
Technical Observations:
* USDINR Jan futures traded below the short-term moving average of 21 days.
* The 10 DEMA is placed below 21 DEMA.
* Momentum Oscillator, RSI of 14 days is pierced below 50 and weakening. MACD has been placed below a zero line.
* Long unwinding has been seen as open interest fell.
* Short Term Trend: Neutral
* Expected Trading Range: 83.01 to 83.30
* Intraday Recommendation: Sell USDINR Jan. Fut. at 83.20 & 83.28 SL 83.34 Target 83.01
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