dollar rupee future intraday tips 18 may 2017
sell usd inr future of may expiry around 64.48 with stict stop loss for intraday target of 64.2 and positional tgt of 63.5.
dollar rupee future opened sharply gap up on overnight news from US market. but this is jus bounce back from oversold zones andtrend is still bearish. on downside 64.2-64 and then 63.5 are support zones while onupside 64.6 and 64.8 are strong resistaces. remain sell on rise and expect strong recovery in rupee in recovery in equity market as well as from RBI interventions.