Tuesday, May 22, 2012

USDINR at new high.What you say?

 Next technical level is around 55.25. These are the levels where some supplies are expected to come. So, if 55.25 gives way then I think there will be a set-up of panic in the market and you will see a quick run to 56.75-57. I was looking for a 52-57 short-term range. But the speed at which it is moving towards 57 is a worry.

No comments:

Post a Comment