Currency strategy for Monday 15 sep 2014

Currency strategy for Monday 15 sep 2014

USD INR Sep expiry future last closed at 60.87 with 25 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.21 while low was 60.85. Total 36-paisa intraday range and closed with loss. For Monday, stay long with stop loss below 60.6.

EUR INR Sep future last closed at 78.77 with loss of 22 paisa. In Intraday MCX-SX Euro-rupee future hit high at 79.1 while low was 78.69. Total almost 41-paisa intraday range and closed with loss. For intraday stay long above 78 rupees.

GBP INR Sep expiry future last closed at 98.78 with loss of 48 paisa. In intraday MCX-SX Pound-rupee, future hit high at 99.37 while low was at 98.77. Total 60-paisa intraday range and closed with loss. Medium term traders keep buy on decline view with stop loss below 98.

JPY INR Sep expiry future last closed at 56.83 with 24 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 57.02 while low was at 56.81. Total 21-paisa intraday range and closed with loss. For intraday follow buy on dips strategy with strict stop loss below 56.5.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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