- USD/INR is currently trading around 73.89 marks.
- It made intraday high at 74.36 and low at 73.75 marks.
- Intraday bias remains neutral for the moment.
- Key resistances are seen at 74.40, 74.62, 75.10, 75.55, 75.90 and 76.12 marks respectively.
- On the other side, initial supports are seen at 73.74, 73.58, 73.00, 72.58, 71.80, 71.47, 71.22, 71.10 and 70.90 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- India’s NSE was trading 1.81 pct higher at 9,371.75 points and BSE Sensex was trading 1.70 pct higher at 31,927.78 points.
We prefer to take short position on USD/INR around 74.00, stop loss at 74.50 and target of 73.58/73.00/72.58.
