exited GBP inr shorts as below
GBP-INR
30-Nov-11 dec sell @ 81.77 EXITED @ 81.425 on 1-Dec-11
30-Nov-11 jan sell @ 81.8975 EXITED @ 81.6825 on 1-Dec-11
USD-INR
Initiated longs @ current level
DEC @ 51.9125 Stop: 51.61
JAN @ 52.13 Stop: 51.8275
exited long USDINR at a quick gain of 7-9 paise
Dec @ 52.57
Jan @ 52.78
feb @ 52.94
Look to re-enter from long side once again.
shorts in gbp-inr continue
Euro unable to withstand pressure.
Going long USD-INR
Dec @ 52.48 stop 52.20
Jan @ 52.7025 stop 52.40
Feb @ 52.86 stop: 52.67
Going Short GBP-INR
Dec @ 81.77 stop : 82.51
Jan @ 81.8975 stop : 82.73
Long Dec $/re @ 52.50 EXITED AT 52.75
Long Jan $/re @ 52.65 EXITED AT 52.8975
Long Dec eur/inr @ 70.66 EXITED AT 70.54
Long Dec jpy/inr @ 68.11 EXITED AT 68.19
Long Dec Jeera @ 13710 EXITED AT 13735
=================================
Now Short dec JPY-INR at 68.2050 stop : 68.56
Now Short dec EUR-INR at 70. 5975 stop: 71.01
Long dec gold at 28639 . Stop: 28443
51.30 to 52 was possible sell-off zone in USD-Rupee. as central bank intervention was expected with unknown quantums.
Now,
Long Dec $/re @ 52.50
Long Jan $/re @ 52.65
Long Dec eur/inr @ 70.66
Long Dec jpy/inr @ 68.11
10-20-30 paise stops would not help -- rather sure to get triggered with day close still in direction of view.
Go Long only if 50 paise stop loss is affordable. These days $-re is moving 1 rupee in 2 days. Intraday
high-low gap is 60-80 paise with both sides visited couple of times during the trading session.
Our blog of 20 October, 2011
USD headed higher
today USD-INR opened above. 50 level.
This can potentially open the way right upto 52.
......................CURRENT LEVEL : - 51.29
Our blog of 11 November, 2011
USD-INR,
nothing seems positive for the rupee at the moment.buy of dips is the only mantra . But day traders can get stopped out due to volatility
...........Indeed nothing turned out to be positive for rupee
Our 26-sept-2011 Blog
Domestic gold (dec futures) are certainly cheaper and attractive today --- no one requires our advise for that. But we would only caution to wait for consolidation signs rather than simply rushing in. Because after that one needs to only roll dec Longs into Jan and Jan Longs into feb.
..............After consolidation Dec gold touched 29000 very recently.
Our blog of 11-Nov-2011
Dec Gold : wait to buy below 28484 (shorting is risky)
....................Today`s(18-Nov) low is 28411
GOING INTO DECEMBER
$ -RUPEE :-- The central Bank may come in from time to time. They might even route Oil payments directly. Any sudden strength in Euro is bound to Pull USD-Rupee rate down. Hence better to stay away from this currency. Buying should be done on Dips & not in zone of 51.30 to 52
Gold:- 2012 January onwards, heralds a new Price discovery for Gold.
nothing seems positive for the rupee at the moment.buy of dips is the only mantra . But day traders can get stopped out due to volatility
Long NOV USD-INR at 50.2825
Stop: 50.07
Long DEC USD-INR at 50.5275
Stop: 50.29
Dec Gold : wait to buy below 28484 (shorting is risky)
Jeera:- Long dec Jeera @ 13710
Stop: prev. low: 13463
TP: 14300
Chana: Dec Chana :- target to buy at 3300
Gold:-
a breach of 1751-1755 $ band is going to thrust gold to zone of $1820-1840
Buy Dec gold at 27700
Stop: 27590
TP: 28100
Chana : Stops still intact. sentiment on charts weak
Adding one more short Dec chana @ 3514
Stop: 3570
TP: 3400
EUR-INR
Euro crossed 1.38 today. look like limited upside
Sold EUR-INR NOV @ 68.1775
Stop: 68.29
TP: 67.8225
JPY-INR
Sold JPY-INR NOV @ 63.4050
Stop: 63.74
TP: 62.85
USD-INR
Taking opportunity to go long NOV,DEC again
Long Nov @49.4425 stop 49.30 , TP 49.7625
Long Dec @ 49.6475 stop 49.50 , TP 50.25
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