My USDINR commentary

[ArvindUpadhye]

On NSE, how much more downside u see?

 

[bunny]

I think the USDINR has made a high price for the day. 59.9700 is the high price so far and LTP is 59.9225. Lets see. I am not expecting today to be wide spread day.

 

[bunny]

So overall, I don't think that there is any upside left for this day.

 

[bunny]

Low price so far is 59. 7175.

I think price will close very close to this, or slightly lower of this. As I have already said above, I am not expecting big range on this day. So far, range is 0.2525. Range of yesterday was 0.6150.

 

[bunny]

59.9600 now. Sensing that a down move could come within minutes. (intra day)

 

[bunny]

My guesstimate of today's closing(settlement price) is between 59.8600 to 59.8200.

 

[bunny]

The price action of the day has not been according to my wish, hope, and expectation. Nevertheless, as the chart is at present, I think we could see up 'small' up moves in the coming couple of sessions.

 

[maneverfix]

I think the USDINR has made a high price for the day. 59.9700 is the high price so far and LTP is 59.9225. Lets see. I am not expecting today to be wide spread day.

Hi, on Nse 29/07/2013 CD contact is trading bellow 59, the price you are referring pertains to which month, please explain.

 

[bunny]

Hi, on Nse 29/07/2013 CD contact is trading bellow 59, the price you are referring pertains to which month, please explain.

My bad. Intended to write 58. And now I realize that I have made the typo everywhere. Sorry.

 

[bunny]

Price mentioned here onwards will be that of the August contract.