Thursday, December 29, 2016

USDINR TECHNICAL OUTLOOK : 30.12.2016

USDINR TECHNICAL OUTLOOK : 30.12.2016
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USDINR, the pair after opening at 68.38 and made a high of 68.39 and saw some volatile to negative session after a gap up opening 2 days back now pair is likely to open on a negative note and 68.00 levels is pivot if sustain above can expect some bounce.

Fundamental Overview

US dollar trading subdued in the last trading day of the year while Euro spiked and touched 1.06 in a thin volume trade and reversed ,Today expects a low volume high volatile trading as U.K and Germany markets would close early for New year Eve

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
8:15 USD Chicago PMI (Dec) 57% 57.6%
11:30 USD U.S. Baker Hughes Oil Rig Count 52.3%