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- USD/INR is currently trading around 68.55 marks.
- It made intraday high at 68.69 and low at 68.43 marks.
- Intraday bias remains slightly bearish for the moment.
- Key resistances are seen at 68.70, 68.86, 69.05, 69.18, 69.52 and 69.88 marks respectively.
- On the other side, initial supports are seen at 68.42, 68.15, 67.97, 67.79 and 67.59 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 0.72 percent higher at 11,247.22 points while BSE Sensex was trading 0.82 points higher at 37,289.82 points.
We prefer to take short position on USD/INR around 68.56, stop loss at 68.70 and target of 68.15/67.97.
