USDINR TECHNICAL OUTLOOK : 10.10.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 66.75 and made a low of 66.71 had a
sidewise session, to positive session, the pair had a indecision candle this signifies tug of war between bulls and bears , but 67, on spot will act as strong resistance while supports comes at 66.30 on spot so the pair is likely to consolidate in the range of 66.50-66.90 for the near term on spot basis
Fundamental Overview
US dollar index is trading at 96.52, slipping from the highs above the 97.00 mark after a weaker than
expected non-farm payrolls data was reported on Friday. There were 156000 jobs that were added for the month of September as compared to the expectations of 175000. This doesn’t change much for the chances of a single rate hike this year but could help stall the US dollar’s appreciating momentum.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Above is the Daily Chart of USDINR, the pair after opening at 66.75 and made a low of 66.71 had a
sidewise session, to positive session, the pair had a indecision candle this signifies tug of war between bulls and bears , but 67, on spot will act as strong resistance while supports comes at 66.30 on spot so the pair is likely to consolidate in the range of 66.50-66.90 for the near term on spot basis
Fundamental Overview
US dollar index is trading at 96.52, slipping from the highs above the 97.00 mark after a weaker than
expected non-farm payrolls data was reported on Friday. There were 156000 jobs that were added for the month of September as compared to the expectations of 175000. This doesn’t change much for the chances of a single rate hike this year but could help stall the US dollar’s appreciating momentum.
