Tuesday, August 9, 2011
USD INR Trading strategy
USDINR Aug Buy at 44.70-44.60 targeting 45.35 with stoploss below 44.30
EURINR Aug Sell at 64.60-64.80 targeting 63.80 with stoploss above 65.00
GBPINR Aug Buy at 73.00-73.20 targeting 74.30 with stoploss below 72.50
JPYINR Aug Sell at 58.60-58.80 targeting 57.50 with stoploss above 59.10 ( Correction expected from
higher levels)
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The relative resilience of the midcaps to the index fall suggests there is no panic in the broader segment and we suggest the current dip is a good opportunity to look for quality midcaps for accurate forecasting of markets please visit http://www.kalpeshmaniar.com
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