NeelamN

USDINR View current week

Long
OANDA:USDINR   U.S. Dollar / Indian Rupee
Hello Guys!
Hope you had enjoyed the festive season...
I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad...
May God shower blessings on all of us...

Sorry ! As I did not post anything for a while...

This week's USDINR view is as follows :
USDINR was sideways for quiet sometime, consolidating in a triangle pattern .
It broke upwards today and I see a target of 74.25 slow and steady. Support at 73.5
So, Bull put Spread can be a good bet. Sell 73.5 PE and Buy 73.25 PE
OR
We may also Sell Strangle 73.5 PE and 74.5 CE to eat premium