Report For Date: 21/09/2016
Rupee Vs Usd (Spot) Inr: Movement In Band 67.36 To 66.25
Band of volatility is 67.36 and 66.25.
Upper range can be 67.2-67.54.
Lower range can be 66.85-66.51.
Sideways oscillation around DRV is happening and may continue for near term.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
Hold Long
|
66.98
|
66.83
|
UP
|
66.9
|
15.09
|
66.74
|
66.90
|
66.98
|
67.06
|
67.22
|
*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.