Buy USDINR on dips; intraday support at 53.60: Nirmal Bang

Nirmal Bang has come out with its report on USDINR, EURUSD, GBPUSD and USDJPY. According to the research firm, USD/INR can even give a dip upto 53.80 but can be bought on dips for the day. It has a good intraday support at 53.60 and resistance is at 54.20. Expected intraday range is 53.80 54.20.

EUR/USD can even give a rise upto 1.3425 but can be sold on rise for intraday trading. It has a good intraday support 1.3330 & resistance at 1.3475. Expected intraday range is 1.3330 1.3425.

GBP/USD can give a dip upto 1.5625 but can be bought on dips for intraday trading. It has an intraday support at 1.5575 and resistance at 1.5725. Expected intraday range is 1.5625 - 1.5725.

USD/JPY can give a rise upto 94.50 but can be bought on dips for the day. It has a good intraday support at 93.50 & resistance is at 95.00. Expected intraday range is 93.50 94.50.

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