AbhishekHSinghCMT
Long

USDINR- Magical 66.20-Here we go@67.40- Bulls Be Careful

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
91 4 1
Last Price@67.42

As expected & suggested that we will get an important clue for Index Nifty             if Dollar Rupee Starts moving above 67.15.

In an unexpected move from Income Tax Department, which has carried out raids across various cities in India could likely shock the market, but I was clear that if 66.20 is on hold which shall decide market moves next. Here we go, trading at 67.42 has opened for Dollar Bulls.


Key Level@67. 15 on the top- Taken Out
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Bang on !! Do you have any target upside?
Reply
@nirav5, Let me work out, I shall get back to you -first let me enjoy the fullest
Reply
Nice one Abhishek. Thanks! USDINR pair has mostly inverse effect with Indian Stock market. Looks like high volatile days ahead.
Reply
@nirav5, Yes- In fact, I warned that if USDINR starts moving above 67.15- bulls to be careful as 66.20 was so strong that it never broke even after visiting it so close- not once so many times. Unfortunately, for bulls -Income Tax Raids add spice to bears.
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