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- USD/INR is currently trading around 70.14 marks.
- It made intraday high at 70.18 and low at 70.97 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 70.20, 70.38, 70.56, 70.80 and 71.24 marks respectively.
- On the other side, initial supports are seen at 69.90, 69.52, 69.02, 68.65, 68.50 and 68.34 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 0.75 percent higher at 11,470.22 points while BSE Sensex was trading 0.77 points higher at 37,950.82 points.
We prefer to take short position on USD/INR only below 69.90, stop loss at 70.38 and target of 69.52.
