Currencies
Thursday, September 20, 2012
Rupee
RUPEE: (DOWN)
Rupee closed @ $ 54.38 on 20/09/2012. It’s very nearer to lower end of channel (i.e. Support zone) as per chart attached. It closed below short term reversal levels (i.e-$55) as mentioned earlier & trading near medium term reversal levels (i.e-$54/$53).
Though short term looks weak & it can further appreciate. Daily & weekly KST both are in sell. One can sell with SL-$55.30 for lower level target of $53.
$53 is crucial support to watch out for medium term perspective for reaching final conclusion for further lower level targets.
Though short term looks weak & it can further appreciate. Daily & weekly KST both are in sell. One can sell with SL-$55.30 for lower level target of $53.
$53 is crucial support to watch out for medium term perspective for reaching final conclusion for further lower level targets.
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Indian Rupee Exchange Rate