Report for Date: 02/05/2017
USD/INR: Down Trend Continues
Consistent decline has been witnessed from last couple of months.
Reversal can resume on rise and close above 64.75.
Hold short Positons as level of 64.15 breached.
Expect further fall of 63.90 – 63.50 to be tested in coming session.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Short
|
64.27
|
64.75
|
DOWN
|
67.82
|
30.01
|
63.86
|
64.13
|
64.25
|
64.40
|
64.67
|
*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
|
34.65
|
26.04
|
33.26
|
40.91
|
-0.31
|
3.31
|
72.39
|
19.97
|
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.