free usd inr future technical report for 4 December 2015
NSE dollar-rupee December expiry future today closed at 66.91 with the loss. Strong dollar pushing rupee lower but RBI is active in the market and defending 67 level. On the upside for future, 67.1 and 67.4 are resistance levels for tomorrow. On the downside, 66.77 and 66.6 are intraday supports.
Prices showing topping out pattern while daily chart indicators are overbought so traders keep selling on rise view. Go short around resistance zones with stop loss for target 66.77 and below.
Swing traders keep sell on rise view with price target 65.8.