USDINR TECHNICAL OUTLOOK : 04.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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 103.30 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. The ISM Manufacturing data which was rported late yesterday was at 53.1% against the estimates of 52.5%, ISM Manufacturing PMI is 54.7% up by 2.81% against 54.2 last time. And Manufacturing PMI for the month of December is 54.3% up by 0.18% against 54.2% for the month.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar trading at 103.30 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. The ISM Manufacturing data which was rported late yesterday was at 53.1% against the estimates of 52.5%, ISM Manufacturing PMI is 54.7% up by 2.81% against 54.2 last time. And Manufacturing PMI for the month of December is 54.3% up by 0.18% against 54.2% for the month.