USDINR Intraday Outlook : 27.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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FX Trade was nervous in N.Y. on Friday, though ranges overall were relatively narrow, and the dollar mixed. Uncertainty over the outcome of the House healthcare bill was behind the market chop, with wrangling going on between House leadership and the White House through most of the session. Republican leaders pulled legislation to overhaul the U.S. healthcare system before a vote in the House of Representatives after it failed to gather enough support to pass. The defeat for the bill added to doubts over the Trump administration’s ability to push through the pro-growth economic agenda promised by the president. USDINR is expected to trade under pressure and market participants will turn cautious if 65.10 - 65.20 breaches in the downside.