Report For Date 27/03/2015
Rupee Vs Usd (Spot) Inr: Expect Higher Range To Be Tested
Further weakness in USD INR pair can be seen below 62.13.
Expect higher range of 62.97-63.38 to be tested.
Since the rise in USD INR pair was strong resistance will be tested but intra-day correction to 62.69-62.55 cannot be ruled out.
A further breakout and close above 63.13 can lead to a rally to 63.62 or above.
Weakness is USD INR pair to be witnessed below 62.41.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Exit long
|
62.83
|
62.38
|
UP
|
62.402
|
25.03
|
62.14
|
62.55
|
62.69
|
62.97
|
63.38
|
*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.
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
59.34
|
16.39
|
61.96
|
135.29
|
0.10
|
28.92
|
42.24
|
14.41
|
Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.
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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