Tuesday, April 25, 2017

USDINR Intraday Outlook : 26.04.2017

USDINR Intraday Outlook : 26.04.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE

With existing home sales ramping higher, and consumer confidence weaker than expected, the Dollar remained under pressure against the majors. Investors look ahead to details on President Donald Trump’s tax reform plan. Trump said Friday, he will unveil a tax plan on "Wednesday or shortly thereafter" that includes a “massive tax cut” for individuals and businesses. The recent slump in the dollar came against a strong rise in expectations that the Federal Reserve was poised to increase its benchmark rate in June. After breaching the crucial 99.50 level last week the DXY has been under pressure and this has added to the weakness in the Dollar against the Rupee. While the rupee is seen continuing to rise in coming days, the pace of the increase will be slower as compared to that in the past. The Indian unit may face a strong resistance at 64.15 a dollar if the RBI intervenes. The annualised premium on the one-year exact-period contract ended yesterday at 5.08%, against 5.09% at the previous close.



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Today 11.00 Am Intraday tips for Currency,Commodity and Equity
Right Rupee Tips, 3rd Session: 26.APR.2017
Online Forex Calls, 2nd Session: 26.APR.2017
Usdinr Intraday Calls, 1st Session: 26.APR.2017
*Indian Currency Support and Resistance Level : 26.04.2017

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