Friday, October 12, 2012

USD/INR INTRADAY RECOMMENDATION (12/10/2012)


USD/INR (SPOT)

USD/INR can give a dip even upto 52.65 as India's IIP for August is above expectation (CMP – 52.74) but buying on dips is recommended for intraday trading. It has a good intraday support at 52.48 & resistance is at 53.00. Expected intraday range is 52.65-52.98.

STRATEGY – BUY AT 52.65   TARGET 52.98   SL BELOW  52.48

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