Currencies
Friday, June 16, 2012
Rupee
RUPEE: OUTLOOK - ( BEARISH):
Rupee closed @$55.38 on 16/06/2012. One should expect Rupee to strength against USD in short term. Momentum indicators in also in sell for short term.
It has also given weekly negative close last week, is an aditional confirmation for Short term HAULT of recent rally.
One should sell Rupee @CMP with SL-$56.28 for the target1-$54.32 & if sustain below it then target2-$52.67 for short term..
Although Medium term outlook for Rupee is still bullish & very strong till its above $51.
It has also given weekly negative close last week, is an aditional confirmation for Short term HAULT of recent rally.
One should sell Rupee @CMP with SL-$56.28 for the target1-$54.32 & if sustain below it then target2-$52.67 for short term..
Although Medium term outlook for Rupee is still bullish & very strong till its above $51.
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Indian Rupee Exchange Rate