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- USD/INR is currently trading around 67.01 marks.
- It made intraday high at 67.05 and low at 66.85 marks.
- Intraday bias remains slightly bullish for the moment.
- Key resistances are seen at 67.05, 67.20, 67.31, 67.45, 67.66, 67.87, 67.99, 68.15, 68.32, 68.49, 68.63, 68.72, 68.85 and 69.52(August, 2013 high) marks respectively.
- On the other side, initial supports are seen at 66.85, 66.75, 66.64, 66.50, 66.28, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s NSE Nifty was trading around 0.12 percent higher at 8,803.70 points and BSE Sensex was trading at 0.13 percent higher at 28,370 points.
- India will release CPI data at 1200 GMT.
We prefer to take short position on USD/INR around 67.10, stop loss at 67.20 and target of 66.85/66.75/66.64.
