{LONGTERMINVESTORS} Daily Currency Strategy (November 2): Sell US$INR in range of 67.15-67.25...

In the currency futures market, the most traded dollar-rupee November contract on the NSE ended at 66.99. The November contract open interest fell 0.60% from the previous day

 

December contract open interest rose 5.92% from the previous day

 

We expect the US$ to meet supply pressure at higher levels. Utilise upsides in the dollar to go shorts on the US$INR pair

 

Intra-day strategies

 

1. Sell US$INR in the range of 67.15-67.25

 

For details, click on the link below

http://content.icicidirect.com/mailimages/Currency_outlook.pdf

 

Research Desk |ICICIdirect.com|

ICICI Securities Ltd |Akruti Trade Centre, 1st Floor |Road No 7 MIDC | Andheri (East)| Mumbai 400 093 |

Email: research@icicidirect.com|

 

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