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.
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.
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