Rupee Vs Usd (Spot) Inr: Expect Higher Range 20 May 2015 7:18 am   0 Comments  |   Post Comment  |  Font Size A A A  Report For Date 20/05/2015 Rupee Vs Usd (Spot) Inr: Expect Higher Range Further correction is below 63.30. Expect movement for USD INR to be between 63.30 and 64.40. Momentary bias is to test 63.89 or above. Trend remains up irrespective of the recent volatility and fluctuation from the recent peak of 64.38. Overall, USD INR pair is showing higher top and higher bottom formation since the low of 61.25 in January 2015. This sequence will continue in near term. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 63.75 63.20 UP 62.54 17.04 63.23 63.56 63.70 63.89 64.22 *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 56.46 1.35 28.81 94.62 0.25 -3.68 37.03 103.76 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. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Top 5 News Guar Gum (May 24) Bullish Trend / Buy on Dips / Key Su... Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Bearish Trend / Sell on Rise / Key... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy at CMP ... Top 5 Special Reports Mumbai Masur Canada Crimson Container Weak Price Trend... Mustard Oil (Jaipur) Trending Lower / Next Support at ... Weekly: ICE cotton futures extend decline; no respite f... Weekly: ICE raw sugar futures post double digit price d... Canadian Lentil Prices Hit Record Highs, Outlook Remain...