Tuesday, December 27, 2016

USDINR TECHNICAL OUTLOOK : 28.12.2016

USDINR TECHNICAL OUTLOOK : 28.12.2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USDINR, the pair after opening at 68.05 and made a high of 68.29 and saw some volatile to positive session yesterday after a side wise to selling action in the pair a day before68.00 on spot is a crucial levels to watch and if the pair able to close above it will see some more appreciation in the pair.

Fundamental Overview

US dollar index is trading at 102.97, remaining largely unchanged despite the upbeat Consumer confidence data reported yesterday Expect range bound trading for the entire week with minimal changes. As inventors remaining on the holiday mode

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:30 USD Pending Home Sales (MoM) (Nov) 0.50% 0.10%