USDINR: Sell around 64.25 for downside targets of 63.66 for the day | Outlook on currencies | Investment Idea | Indianotes.com

USDINR: After witnessing resistance around 64.60, USDINR pair is slowly deckling from the highs and on Wednesday, it tumbled till the low of 64.13 and ended at 64.19. The pair has penetrated the immediate trend line and thus next supports are seen at 64.06 then 63.66 levels. Therefore, we recommend selling around 64.25 for downside targets of 63.66 for the […]

» Read more

Week Ahead: Possibility further weakness in Nifty for the next 1-2 weeks | Nifty: Downside targets to be watched is around 10,400-10300 levels | Indianotes.com

Weekly Timeframe: Weekly Timeframe: After showing a sharp upmove in the previous couple of weeks, Nifty slipped into sharp weakness this week and closed the week lower by around 2.79%, as per w-o-w basis – We observe a formation of long bear candle at the new all-time high of around 10171 levels. According to pattern, this formation is indicating a […]

» Read more