Sell USD-INR Spot on rise upto 62.65: Nirmal Bang

Written By Unknown on Selasa, 26 November 2013 | 14.03

Nirmal Bang's report on currencies

USD/INR (SPOT) is expected to trade with a negative bias but should be sold on rise upto 62.65. It has a good intraday support at 62.25 & resistance is at 62.85. Expected intraday range is 62.25-62.65.

EUR/USD is expected to trade with a negative bias for the day. Selling on rise upto 1.3550 should be the strategy for intraday trading. It has an intraday support at 1.3460 & resistance is at 1.3595. Expected intraday range is 1.3460 1.3550.

GBP/USD can trade with a positive bias during the day. Buying on dips upto 1.6125 is recommended for intraday trading. It has an intraday support at 1.6085 and resistance at 1.6200. Expected intraday range is 1.6125 - 1.6200.

USD/JPY can trade with a positive bias during the day. Buying on dips upto 101.30 should be the strategy for intraday trading. It has a good intraday support at 100.90 & resistance is at 102.00. Expected intraday range is 101.30 102.00.

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