Good long opportunity appearing in USDINR. It getting rejection from Fib 38.2 level on Weekly and there is a support also. If it breaks 1D trend line so you can go for long.
Key Zone - 72.50 / 73.00 Holding The Key Zone - Expect Upside - 74.00 / Strictly Above 74.00 for 75.00-75.20 Falling Below 72.50 / 73.00 Downside Key levels - 70.70 / Falling strictly below 70.70 for 68.00-68.30 ------------------------------------------------------------------------------------------------------------------------ Last USDINR Idea -...
Trading Strategy Plan A Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250 Plan B Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980 Plan C Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come Plan D Selling...
Education & Trading Idea ------------------------------------------------------------------------------------------------------------------------------------------ Mankading Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time...
This would cover Nifty, Bank Nifty, Gold, USDINR and DXY.
Here is a quick short term trade in USDINR. Upside can be seen for the next couple of days of around Rs.0.5/-