19 October, 2011

New trades $/INR,

Intra day view for USD-INR:-  Rupee to recover from current levels though not in a significant manner but good enough to give some quick gains. However the stops have to be a bit away to avoid whip-saws

Sell Nov at current level 49.850
Stop loss : 50.05

Sell Oct at current level 49.62
Stop loss : 49.85
Stop loss : above

Take gain levels : equivalent of difference between entry and Stop loss.

Stops are sligthly away as short term panic can set in


GOLD: Turning attractive .But yet on the sidelines before buying.

Posted by Fuzzy Logix at 9:42 PM

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