Monday, January 2, 2017

USDINR TECHNICAL OUTLOOK : 03.01.2017

USDINR TECHNICAL OUTLOOK : 03.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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USDINR, the pair after opening at 68.08 and made a low of 68.08 and saw some strong momentum coming in the pair at last hour now going ahead 68.00 will act as a strong support and any dips shall be utilized to buy the pair so intraday try to buy at the said levels

Fundamental Overview

US dollar trading at 102.72. U.S. dollar held on to broad gains against EURO and Pound on Tuesday,
resuming its ascent after last week's brief wobble as the prospect of rising U.S. interest rates this year kept sentiment bullish on the long-run.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
9:45 USD Manufacturing PMI (Dec) 54.20% 54.20%
10:00 USD ISM Manufacturing Employment (Dec) 52.60% 52.30%
10:00 USD ISM Manufacturing PMI (Dec) 53.50% 53.20%