Rupee update 21st Sep 2017

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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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