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    Buy USDINR around 61.65; target 61.85: Religare

    Religare Retail Research has come out with its technical outlook on currencies. According to the research firm, one can buy USDINR around 61.65 levels keeping a stop loss of 61.53 for a target of 61.85

    January 28, 2015 / 12:52 PM IST

    Religare Retail Research's technical outlook on currencies

    USDINR pair is like-ly to extend its consolidation in today’s session with immediate support at 61.55 levels, be-low which it can test 61.30 levels. Resistance for the day is at 61.85.

    USDINR : Buy around 61.65 with a stop loss of 61.53 for a target of 61.85

    EURINR : Buy around 69.55 with a stop loss of 69.43 for a target of 69.75

    GBPINR : Buy around 92.90 with a stop loss of 92.78 for a target of 93.12

    JPYINR : Buy around 52.18 with a stop loss of 52.06 for a target of 52.40

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    Tags: #Brokerage Recos - Currencies #EURINR #GBPINR #JPYINR #Religare Retail Research's #USDINR
    first published: Jan 28, 2015 12:52 pm

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