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- USD/INR is currently trading around 66.98 marks.
- It made intraday high at 67.05 and low at 66.94 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 67.07 marks.
- Key resistances are seen at 67.07, 67.16, 67.28, 67.52, 67.71, 67.84, 67.95, 68.02, 68.35(March 1, 2016 high), 68.46, 68.66 and 68.78 marks respectively.
- On the other side, initial supports are seen at 66.82, 66.62, 66.42(May 01, 2016 low), 66.32 (November 2015 low), 66.23, 66.10, 65.95 and 65.81 marks respectively.
- In addition, India’s BSE Sensex was trading 0.02 percent higher at 28,456.28 and NSE Nifty was trading around 0.11 percent higher at 8,795.90 points.
We prefer to take short position in USD/INR around 67.02, stop loss at 67.16 and target of 66.82/66.62.
