Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
30 September, 2014 19:20 IST
Utilise highs in USD/INR Nov contract to sell below 55.52: ICICIdirect
Source: IRIS (19-NOV-12)
Comments  |  Post Comment

ICICIdirect expect the US dollar to attract selling pressure on rallies against the INR. "Utilise the highs in the USD/INR November contract to sell below 55.52 with 55.34/55.25 and a stop loss of 55.61," it says.

"In the currency futures market, the most traded dollar-rupee November contract on the NSE closed at 55.40. The December contract open interest was up 13.6% from the previous day," it notes.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Live News
Viability of fresh investments impacted by cost of credit: FICCI - 30-Sep-2014 18:51
Walgreen Q4 swings to loss on higher other expense - 30-Sep-2014 18:39
SBI makes 63 out of 67 branches fully functional in Kashmir Valley - 30-Sep-2014 18:27
10-year G-sec yield rise marginally to 8.75% - 30-Sep-2014 18:26
India's external debt rises 1.8% to USD 450.1 bn - 30-Sep-2014 18:13
Eight core industries growth jumps to 5.8% in August - 30-Sep-2014 18:00
Next rate action to be rate cut some time in Q1-2016: Rana Kapoor - 30-Sep-2014 17:59
Rupee ends at 61.76; falls 23 paise against dollar - 30-Sep-2014 17:51
Festive season to be good for auto sales: ZyFin - 30-Sep-2014 17:47
ABB bags order worth Rs 550 mn - 30-Sep-2014 17:28
RBI would cut rates sooner than expected: Motilal Oswal - 30-Sep-2014 17:09
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Security Code type   pmbykp into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer