Update on USDINR – 7-Jan-2015

USDINR tips
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Update on USD/INR - 8-Jan-2015
Update on USD/INR - 6-Jan-2015

HI all,
After BSE Sensex nose-dived 855 points yesterday, USD/INR opened lower today morning at 63.81 against closing LTP 63.8875.
Dayhigh as of now is 63.8475 and Daylow is 63.73
CMP is 63.8250

Immediate Support is at 63.6550

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Wayanad.co.in AdminKIRAN KUNDALIA Recent comment authors
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Wayanad.co.in Admin
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HI all,
As the support given in the main post 63.6550 and next support 63.5775 were broken, the pair USD/INR went upto 63.45 (Daylow) from 63.8475 (Dayhigh). Closing LTP was 63.4650
As the supports were broken, tomorrow’s opening should be revised from 63.80 to 63.65 areas hoping the pair will grow overnight.
But there are a few figures like 63.43, 63.34 etc to hit as on today’s bearish continuation.

Wayanad.co.in Admin
Guest

Gm…
I thought you already exited the position yesterday. You can hold as of now..no “technical danger zone”

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

All right sir but is it possible for USDINR to go beyond 64 ?

As this time I’m having heavy position (from my point of view) 500 lots.
Thats why little bit nervous.

Wayanad.co.in Admin
Guest

No need to be nervous..Certainly there are figures >64 to hit..

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

Its really a relief to hear that. Thanks u sir…

Wayanad.co.in Admin
Guest

Don’t expect a bounce now because there are a few more supports to be tested today.

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

Can I ask u which are the supports ?
As it may benefit us all…

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

Awaiting ur revert sir…

Wayanad.co.in Admin
Guest

Next support is around 63.5775 which I think may not break.Because I calculate tomorrow’s opening just above 63.80. As of now Daylow is 63.6175 & CMP is 63.6325

But if the support is broken and 63.55 is hit, we may not touch 63.85 levels today..

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

Thanks a lot sir for ur valuable support in form of adv…
Really appreciated !!!

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

Sir, both the supports have been broken.
Now what ? Kindly adv…

Wayanad.co.in Admin
Guest

No problem..63.46 is a good place to bounce back..Even if its going to find a new month low (<63.4250), please hold upto 12-Jan.

KIRAN KUNDALIA
Guest
KIRAN KUNDALIA

GM Sir,
I’m holding the USDINR.

Pls adv whether to hold or to exit from position…