USDINR TECHNICAL OUTLOOK:7.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
USDINR, the pair after opening at 66.90 and made a high of 66.97 and had side wise session to a narrow range bar that suggest bulls and bears are in tug of war, for past many weeks and the pair is trading in the range of 66.60-67.00 levels for past many days on spot basis , and trend is likely to be the same for the day
Fundamental Overview
US dollar index is trading at 97.53, appreciating against all the major after a new twist has emerged in the US election saga. The FBI which reported new evidence in the Clinton email scandal last week has announced that they could not find any incriminating evidence against Mrs. Clinton. This is positive for the dollar as Hillary is expected to take lead. Further upside for USD can be expected for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
US dollar index is trading at 97.53, appreciating against all the major after a new twist has emerged in the US election saga. The FBI which reported new evidence in the Clinton email scandal last week has announced that they could not find any incriminating evidence against Mrs. Clinton. This is positive for the dollar as Hillary is expected to take lead. Further upside for USD can be expected for the day.
