1)Adding on to JPY-INR shorts
Oct JPY-INR currently at 64.30-64.3150
Sold @ 64.30 , stop loss at 65.01 . TP : 62.60
Earlier trade on JPY-INR @ 65.38 : continues to be watched
2) Oct USD-INR currently at 49.2825 - 49.2850
Bought USD-INR @ 49.2850 , stop loss at 49.11. TP: @ 49.60
USD-INR : The UPTREND (depreciation) is still intact, it has been behaving very erratically .Hence we have to place tight stops.The risk reward ratio is 1:1 because of fear of intervention on higher side
India is closed tomorrow. any overseas event will lead to a knee jerk reaction in USD-INR on Friday.
It might open up with a gap of 20-30 paise, that`s what we are targetting in this trade.
3) Gold . international price currently at 1624 $. good support found at 1540-1580 zone.
Can potentially make base and rally 100$ from here.
So, Bought Dec gold : at curent price 26112 Rs.
stop Loss at international price $1580 /6 Rs. just below Oct price recent low of 25955 (as on 29-sept)
TP: at least recent high of 26,733
Oct JPY-INR currently at 64.30-64.3150
Sold @ 64.30 , stop loss at 65.01 . TP : 62.60
Earlier trade on JPY-INR @ 65.38 : continues to be watched
2) Oct USD-INR currently at 49.2825 - 49.2850
Bought USD-INR @ 49.2850 , stop loss at 49.11. TP: @ 49.60
USD-INR : The UPTREND (depreciation) is still intact, it has been behaving very erratically .Hence we have to place tight stops.The risk reward ratio is 1:1 because of fear of intervention on higher side
India is closed tomorrow. any overseas event will lead to a knee jerk reaction in USD-INR on Friday.
It might open up with a gap of 20-30 paise, that`s what we are targetting in this trade.
3) Gold . international price currently at 1624 $. good support found at 1540-1580 zone.
Can potentially make base and rally 100$ from here.
So, Bought Dec gold : at curent price 26112 Rs.
stop Loss at international price $1580 /6 Rs. just below Oct price recent low of 25955 (as on 29-sept)
TP: at least recent high of 26,733
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