dollar rupee December future-keep sell on rise view

NSE dollar-rupee December expiry future trading at 66.99 with -0.1% loss. US dollar seeing some profit booking and facing strong supply zone around 67.1 to 67.2. RBI also active in the market and might be controlling rupee fall. For intraday usd inr future support, zones are 66.9 and 66.7 while on upside expect resistances at 67.12 and 67.35. Traders here keep sell on rising view and go short near or above resistance zones with stop loss for targets 66.9 to 66.7 in 1-3 trading sessions.

Long-term investors keep bearish view for US dollar and keep accumulating shorts on every rise with price target 65.5.

Subscribers already holding shorts in the US dollar for downside targets in intraday as well as positional.

The Author

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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