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USDINR

02 Jan 25 -  Direct stance change from bearish to bullish--- Nifty Stance Bullish ⬆ In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) - so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~ 1.88% move today gives nifty a direct stance change from bearish to bullish (no neutral stance). We are up 409pts ~ 1.72% of which 445pts came today, which also means that the stance was bearish till the 2nd of Jan 2025. What happened today is beyond comprehension, I am almost sure that none of the traders were ready for the move like this. Nifty has moved 728pts intra week of which 445pts came today. The USDINR chart is also relevant here, especially the mega move once we got a governor change. I think this is an inflection point and a weakening rupee (no firefighting by the RBI) is good for inflows.  Returning to the Nifty report, a fall below 23931 will shift my stance back to bearish so it is pretty important that Nifty holds the level today. If we continue to go up the crucial resistance levels would be 24348 and 24547. I hope we do not go above 24650 for the current expiry. --- The change in regulations is hitting professional traders more than the entry level retail ones. SEBI's new set of rules was implemented to turn off the small traders and since most of them do the options buying, the impact is not that much. The professional traders on the other hand are really going crazy as the new margin requirements are not at all helping. When you take out the professional traders from the equation, they would prefer to trade on forex, crypto or the US options than the Indian counterpart. It is just a matter of time before we see the intellectual migration to the mother market. The whine and the roar on X is proof that influencers have started talking about alternate trading options. Personally, I feel if most of them get access to a stable market - they would not hesitate to migrate.
NSE:NIFTYLong
by viswaram
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
Long
by venkatfx
USDINR - 100+ ???One side $ is rising despite of de dollarization efforts. India and RBI has been supporting and buying $ every month as per RBI data when chit chatting with russia for new currency one side and INR trades on another side. Its like put right indicator and show left hand and go straight without turning right or left !!! RBI who refused to reduce interest rate for the sake of Inflation do not talk about USDINR increase.... its commonsense if usdinr fall crude imports becomes costlier and resulting in price rise. while speaking harsh on one side RBI do not have any other option other than this to attract FIIs back to markets. Right now RBI is trying to support the N & BN Bulls.
Long
by venkatfx
USDINR By KRS ChartsDate: 3rd July 2024 Time: 7:40 PM Why USDINR? 1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF. 2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line) 3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line. Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish. But I will appreciate your views on this too, what you guys are thinking?
Short
by KRSCharts
4
Understanding Impact of Bond Yield Differential on EquitiesOver the past decade the interest rate differential between US and India has been constantly going down. This has largely been due to stronger fiscal position of India and also gradual weakening of US Public Finances. This has led to the Rupee becoming more stable against the Greenback, thereby reducing the rate of inflation in India. Further, this has resulted in rising of equity markets over the last decade, and more importantly, the same setup is likely to stay or become better over the next two decades. Hence long term retail investors in India can benefit from this by placing algo based orders to buy Index ETFs on dips and reduce their cost of buying and stay invested over the long term thereby getting benefit of power of compounding. --------------------- Trading View Script:
TVC:IN10YEducation
by MBIPL
7
USDINR Weekly Short StrangleStrategy Details: Short Strangle: Sell an OTM call and an OTM put. Weekly Duration: Initiating the trade on Monday and closing it by the expiry date, which is typically the end of the week for weekly options. Potential Advantages: Profit from Time Decay: Options lose value over time, which benefits the seller. Range-bound Market: If USD/INR stays within the ±0.25 rupees range, the options may expire worthless, allowing you to keep the premium. Risks and Considerations: Unexpected Volatility: Significant news or economic events could lead to unexpected volatility, potentially leading to substantial losses. Assignment Risk: There's a risk of assignment on the sold options, especially if the USD/INR price moves significantly. Margin Requirements: This strategy requires a sufficient margin as it involves unlimited risk if the market moves significantly against your position. Timing: Squaring off positions before expiry can help avoid last-minute volatility, but it also means you may not capture the full premium. Risk Management: Stop Loss: Consider setting a stop loss to limit potential losses. Regular Monitoring: Keep an eye on market news and economic events that might affect USD/INR volatility. Position Sizing: Ensure the size of the trade is appropriate for your risk tolerance and account size. Before You Begin: Backtesting: Test the strategy using historical data to understand potential outcomes. Understand the Product: Be fully aware of the specifications and risks of trading USD/INR options. Broker's Rules: Check with your broker regarding the rules and requirements for trading options and the specific margin requirements for a short strangle. Conclusion: While a weekly short strangle on USD/INR can be a profitable strategy in a stable, range-bound market, it's crucial to understand the risks and have mechanisms in place to manage those risks. Ensure you're well-prepared and informed before implementing this strategy, and consider consulting with a financial advisor to ensure it aligns with your overall trading goals and risk tolerance.
MSEI:USDINR1!
by FinnoVent
Rupee best performer 2023. 2024 looks even better.Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%. Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian equity investors. If you are not in India - You are missing the biggest global party!
TVC:IN10Y
by MBIPL
If there is a global party on...India's gonna lead!As the US Inflation numbers came soft, all doubts about Fed hiking rates in December were gone. That led to all currencies strengthening against the $. US Yields colled off, Dollar Index came down and US Equities soared. Indian markets also joined the party. The Rupee made strong gains making new multi week highs. G Sec Yields came off highs and Sensex and Nifty just took off to the skies. As global uncertainity eases, India stands to benefit the most over the next few decades when we rise up the ranks as a global economic superpower.
TVC:IN10Y
by MBIPL
USDINR: Symmetric Pattern Formation Could Precede a Breakout USDINR is currently forming a symmetrical pattern, which is a consolidation pattern that can precede a breakout in either direction. Swing traders should wait for a clear breakout before taking a position. Trade with Symmetrical Patterns: A Simplified Guide Symmetrical triangles signal potential trend pauses or consolidations. Breakouts from these patterns often lead to strong directional moves. Key Steps: Identify the triangle: Connect lower highs and higher lows with trendlines. Determine breakout direction: Analyze the preceding trend. Place entry orders: Buy above upper trendline for uptrend breakouts, sell below lower trendline for downtrend breakouts. Set stop-loss orders: Protect profits outside the triangle's boundaries. Establish profit targets: Base targets on the triangle's height. Remember: False breakouts can occur. Use risk management to protect capital. Combine triangles with other indicators for a comprehensive approach. USDINR Price Fluctuations: Key News Events to Watch USDINR, the currency pair representing the Indian rupee against the US dollar, is highly susceptible to various news events and economic indicators. Here are some key news events to watch: Global Economic Events: US Federal Reserve monetary policy, US economic data, and global economic conditions. India-Specific News: RBI monetary policy, Indian economic data, and Indian government policies. Geopolitical Events: Political instability and regional events. Happy trading! Disclaimer : This is merely a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.
by kumaranv0410