USDINR TRADING STRATEGY

USDINR TRADING STRATEGY

BUY USDINR (OCT)  50% AT 66.77 & 50% AT 66.65       

FOR TARGET 67.00  SL BELOW 66.54 

EURUSD Technical View

EURUSD has a potential to rise upto 1.1050-70 but it would find it difficult to sustain these levels and thus can be sold on rise for trading. 

TRADING STRATEGY

SELL EURUSD 75% AT 1.1050 & 25% AT 1.1070   FOR TARGET 1.0960  SL ABOVE  1.1110.

If we miss the selling range than;

BUY EURUSD 50% AT 1.0960 & 50% AT 1.0930  FOR TARGET 1.1050  SL BELOW 1.0885.

                                                  

FOREX TRADING VIEWS

USDINR

THOUGH RUPEE IS APPRECIATING TODAY ONE CAN GO LONG FOR TRADING IN USDINR ON DIPS.

STRATEGY 

BUY USDINR PART AT 68.05 & PART AT 67.98  TARGET 68.30  SL BELOW  67.85

EURUSD STRATEGY

SELL EURUSD PART AT 1.1100 & PART AT 1.1130 TARGET  1.1040  SL  ABOVE  1.1156

GBPUSD STRATEGY

SELL GBPUSD PART AT 1.4590 & PART AT 1.4620 TARGET 1.4530  SL  ABOVE  1.4650

USDJPY STRATEGY

BUY USDJPY PART AT 117.85 & PART AT 117.65   TARGET 118.50  SL BELOW 117.34

BUY USDINR FEB PE

USDINR FEB PE POSITIONAL STRATEGY

WOULD RECOMMEND GOING  LONG USDINR FEB PE AT 0.06 (AND ON DIPS) FOR POSITIONAL TRADE. LOSS IS LIMITED AND CHANCES OF PROFIT ARE VERY GOOD IN COMING DAYS.