22 November, 2011

long dollar again

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. 
Posted by Fuzzy Logix at 11:23 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer

Any opinions, news, research, analyses, prices or other information contained on this blog, by Fuzzy Logix, its partners or contributors, is provided as general market commentary and does not constitute investment advice. Fuzzy Logix will not accept liability for any loss or damage, including without limitation to, any profit or loss, which may arise directly or indirectly from use of or reliance on such information.

Fuzzy Logix is not accountable for external links and the information, services or facilities contained in them. The creation of any liability or obligation in connection with the access to or use of the sites or the services offered therein is at the user's own risk.