One can look for Dec Contract for buying , This one is heading for 79 on or before Dec ,
Good luck
Comment
⋅
hello traders , I am posting chart in candlestick charting and from Exchange to Exchange the visual information changes , My point is if you are long term buyers then this will be the post you would like to look in , if you are day traders or weekly swing trader do not panic it will go to 79+ before DEC 2020 mean while you can trade the way it fit for you Good luck
This is Nov 2020 Contracts , if you are long term position holder this should be your view , it made 73.68 as low , you can click the link and view it ,
My point is simple those who are looking long term they should trading far away futures scrips ,
Comment
⋅
We Bought @ 73.50 and @ 73.75 NOV Contracts as per long term view , it made a Low of 73.3750 , that is reasonable
Our average cost of buy is 73.5650 as our buy did not stop on every Dip , its an accumulated buy cost
One Can hold it till end of Nov and rollover for Dec contracts , in case you find uncomfortable in-between Take profits and Get out
In your last analysis, your charts said that USD/INR should go down to 73-73.5 levels, if you dont mind sharing.... what changed in the analysis.
ShreeKrishna
⋅
@SouravD, Nothing has changed , price drop is expected forecast , Current change in the Political & Economic Conditions are directly related to Currency , its a Long term Trend view , you can still wait for price to tag 73.50 if it comes Good for you ,
I have just posted an Larger prospect
muralikumar
⋅
@ShreeKrishna, Everyone is bearish on USD now... and noone i know is seeting rupee going to 80 by end of the year. If it happens, I will call you God. True shreekrishna.
Sir will it work for option considering lesser margin requirement except time decay ..
ShreeKrishna
⋅
@lonetechnicalanalyst, I do not suggest Options , But if you can buy Dec Options then its Good , usually Options are very risk instruments , they should be booked when you see weakness , but check with Option calculation for profit purpose
@Terminator_1, split your capital in 2 , for Example if your capital is 200000 for this then buy 49 lots in Futures when it meets 73.7500 and buy again when it meets another 49 lots if it drops to 73.55 and hold it for a 3 month , buy Oct or Nov futures hold it
In your last analysis, your charts said that USD/INR should go down to 73-73.5 levels, if you dont mind sharing.... what changed in the analysis.