Forex trading strategy for 25 nov 2014

Forex trading strategy for 25 nov 2014

USD/INR Nov. expiry future last closed at 61.94 with 16 paisa loss. In Intraday MCX-SX Dollar-rupee future hit high at 61.98 while low was 61.66. Total 32-paisa intraday range and closed with gain. For tomorrow, 61.8 is stop los for long positions.

EUR/INR Nov. future last closed at 76.9 with gain of 9 paisa. In Intraday MCX-SX Euro-rupee future hit high at 76.92 while low was 76.48. Total almost 55-paisa intraday range and closed with gain. For intraday traders can stay long with stop loss below 76.7.

GBP/INR Nov. expiry future last closed at 97.05 with gain of 23 paisa. In intraday MCX-SX Pound-rupee, future hit high at 97.13 while low was at 96.55. Total 58-paisa intraday range and closed with gain. Buy near 96.5 only with stop loss for medium to long term view.

JPY/INR Nov. expiry future last closed at 52.44 with 2 paisa loss. In intraday MCX-SX Yen-rupee, future hit high at 52.49 while low was at 52.3. Total 19-paisa intraday range and closed with loss. For intraday traders can buy near 52 but risk will remain high as trades are going against trend.

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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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