21 August, 2014 03:52 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
Reliance to source 1.5 MMTPA of Ethane from US - 20-Aug-2014 19:47
Lowes Companies Q2 earnings climb, beat forecasts - 20-Aug-2014 19:37
The J. M. Smucker Q1 earnings fall, miss estimates - 20-Aug-2014 19:24
Target Q2 profit plunges, cuts 2014 EPS guidance - 20-Aug-2014 19:14
Dena Bank admits fraud at Malabar Hill branch - 20-Aug-2014 19:04
PetSmart Q2 earnings beat estimates - 20-Aug-2014 19:02
American Eagle Outfitters Q2 earnings plummet - 20-Aug-2014 18:51
Citi Trends Q2 loss narrows - 20-Aug-2014 18:29
Assocham, Naredco sign MoU at NAREDCO - 20-Aug-2014 18:20
Staples Q2 profit falls but adjusted EPS beats estimates - 20-Aug-2014 18:18
Nomura retains 'Buy' on Indraprastha Gas; target Rs 450 - 20-Aug-2014 18:15
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Security Code type   z37vky 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