U.S. Dollar / Indian Rupee

Short

A Bearish case for USDINR

By Prashant_Chhabra

Updated

USDINR : A probable lower high in the India's Forex Reserves, indicating that RBI is offloading dollars. A case for move down in the USDINR, thus the appreciating local currency.

Foreign flows into India to strengthen further.

#Nifty #BankNifty #StockMarket

Trade closed manually

Didn't work as thought. Market dynamics are changing and point to breakout on the upside.

Trade closed: stop reached

Didn't work as thought. Market dynamics are changing and point to breakout on the upside.

Prashant_Chhabra

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.