Report for Date: 21/04/2017
USD/INR: Trend Is Down
Consistent decline has been witnessed from last couple of months. However, market hovering in sideways zone from last one week.
Reversal can resume on rise and close above 64.75.
Cover short position at 64.64 to 64.15 as the opportunity arises.
Sell is below 64.15 and till then cover short position
TREND INFORMATION WITH INTRA-DAY LEVELS
|
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
Hold Short
|
64.61
|
64.94
|
DOWN
|
67.82
|
30.01
|
64.33
|
64.52
|
64.62
|
64.71
|
64.90
|
*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.
TECHINCAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
37.27
|
-1.74
|
81.09
|
16.45
|
-0.33
|
6.48
|
45.09
|
-19.95
|
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Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.
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