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- USD/INR is currently trading around 73.90 marks.
- It made intraday high at 74.04 and low at 73.48 marks.
- Intraday bias remains bullish till the time pair holds key support at 72.96 mark.
- Key resistances are seen at 74.28, 74.57, 74.77 and 74.95 marks respectively.
- On the other side, initial supports are seen at 73.48, 72.96, 72.87, 72.45, 72.12, 71.50, 71.33 and 71.13 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE Nifty was trading around 0.48 percent lower at 10,149.22 points while BSE Sensex was trading 0.50 points lower at 33,723.55 points.
We prefer to take long position on USD/INR around 73.70, stop loss at 73.48 and target of 74.57.
