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Sell USDINR around 68.40; target of 68.02: Way2Wealth

Way2Wealth has come out with its report on currency. According to the research firm, one can Sell USDINR around 68.40 for the target of 68.02 with a stop loss of 68.66.

December 06, 2016 / 11:26 AM IST

Way2Wealth's report on curreyUSDINR USDINR Dec futures opened  slightly lower with gap and  prices consolidated for half of the session in the  range of  68.25-68.35. Later prices  broke out from its short term  declining trend line and rose in the intraday till  high of  68.39. Previously prices have broken below the previous  top support of 68.30 and are expected to correct further  from these levels towards next strong supports 68.02 and 67.72 levels.  Pair : USDINRAction : Sell AroundEntry : 68.40Target : 68.02Stop Loss : 68.66Disclaimer: 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.

first published: Dec 6, 2016 11:26 am

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