Usd inr seeing supply on higher levels as expected

usd inr seeing supply on higher levels as expected Dollar rupee future forecast for 18th November 2016 Usd inr future today closed at 67.91 with loss. We saw RBI action around 68 level as well as profit booking by traders though market closed in red. Usd inr future is heavily overbought and see strong profit booking in medium terms. Usd inr future above 68 will remain sell with stop loss and expect targets of 67.9 and then 67.6 in short terms.

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Pramod Baviskar

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