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- USD/INR is currently trading around 75.49 marks.
- It made intraday high at 75.77 and low at 75.37 marks.
- Intraday bias remains neutral till the time pair holds key support at 75.24 mark.
- Key resistances are seen at 76.00, 76.51, 76.87, 77.41, 77.78, 78.12, 78.26, 78.62 and 79.02 marks respectively.
- On the other side, initial supports are seen at 75.24, 74.90, 74.50, 73.74, 73.58, 73.00 and 72.58 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 was trading 1.80 pct higher at 9,317.55 points while BSE Sensex was trading 1.74 pct higher at 31,870.55 points.
We prefer to take short position on USD/INR around 75.55, stop loss at 75.80 and target of 74.90.
