Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-03-2016
Wednesday, March 2, 2016 0:11
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Mtechtips MCX-SX USDINR INTRADAY trading analysis 02-03-2016
MTECHTIPS 
ollar/rupee posted its biggest loss in over five-month Tuesday on likely overseas fund inflows into local shares as expectations of a rate cut by the Reserve Bank of India gathered momentum after the Budget stayed on the course of fiscal consolidation. RSI negative divergence and long bearish candle stick resulted in biggest single day fall since December 2015 in USDINR and settled down by 0.83% at 68.19 near term trend has been shifted in bearish and a break below 68.10 is expected to show 67.80 and below, else any rise towards 68.50-68.70 could attract huge selling activities.
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