Report For Date: 28/09/2016
Rupee Vs Usd (Spot) Inr: Expect Lower Range To Be Tested
Expect lower range of 66.30-66.02 to be tested.
Resistance will be at 66.50-66.59.
Lower side of the range is likely to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
66.40
|
66.78
|
DOWN
|
66.73
|
21.09
|
66.02
|
66.30
|
66.50
|
66.59
|
66.88
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.