Rupee update 26th Sep 2017

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Rupee update 26th Sep 2017

Intraday Outlook on Rupee:

The pair has Resistance around the 65.28 and then at the 65.39 areas and even the former levels should hold on any surge for the day. Dips to the 64.95 will now act as a floor for the next two days.

Intra-Day Trade Action:

 

INTRADAY BIAS

 

Up

Intra-Day Trade: NA Intraday – Range

64.95 – 65.28

SUPPORTS AND RESISTANCE          S1        S2 R1 R2 & R3
64.95 64.63 65.28 65.39
EXPORTERS STRATEGY HEDGE two month exports between 65 – 65.75
IMPORTERS STRATEGY HEDGE one month payable staggered between 64.50 and 65.00

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Rupee update 21st Sep 2017

Intraday Outlook on Rupee:

The pair has Supports at the 64.25 areas and at the 63.17 areas and for today, even the former levels can hold for a move to the 64.55 (Initial Resistance) or 64.75 levels later/tomorrow.

 

Intra-Day Trade Action:

 

INTRADAY BIAS

 

Sideways to Up

Intra-Day Trade: NA Intraday – Range

64.35 – 64.55

SUPPORTS AND RESISTANCE          S1        S2 R1 R2 & R3
64.35 64.25 64.55 64.78
EXPORTERS STRATEGY HEDGE two month exports between 64.65 – 64.80
IMPORTERS STRATEGY HEDGE one month payable staggered between 64.20 and 64.35

 


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