USDINR TECHNICAL OUTLOOK : 19.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USDINR, the pair after opening at 67.95 and made a high of 67.95 and saw some profit booking to side wise session after a buying from a gap up opening few days back, the pair taken supports from the lower levels of 67.50 and that’s holding in the pair ,but the pair having supply near 68 mark so likely to trade side wise with positive bias.
Fundamental Overview
US dollar index is trading at 102.68, bouncing back from lower levels that were seen on Friday after reports about an American drone being captured by China. Tensions however were cooled off after China agreed to return the same. With limited data to be reported today, expect a sideways move for the Dollar but the overall trend of the US dollar strength is set to continue.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:15:00 USD Markit Composite PMI 54.9
20:15:00 USD Services PMI (Dec) 55.2 54.6
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Fundamental Overview
US dollar index is trading at 102.68, bouncing back from lower levels that were seen on Friday after reports about an American drone being captured by China. Tensions however were cooled off after China agreed to return the same. With limited data to be reported today, expect a sideways move for the Dollar but the overall trend of the US dollar strength is set to continue.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:15:00 USD Markit Composite PMI 54.9
20:15:00 USD Services PMI (Dec) 55.2 54.6