Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

USDINR Long Term and Short term Overview

May 28, 2014 25 sec read

USDINR Daily Charts

USDINR on the daily charts is in long term sell mode since Sep 2013. Currently the EOD resistance comes near to 60.49. USDINR will turn to long term buy mode if the resistance levels breaks on the upper side.

USDINR Overview

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USDINR May Futures on the hourly charts is in positional buy mode and currently the hourly support zone comes near 58.38. Reverse your position to shorts if the support zone breaks on the hourly charts.

Key News

– India’s central bank on Tuesday allowed importers to book forward forex contracts up to 50 percent of the eligible limit in an effort to facilitate greater hedging flexibility.

– India to sell 160-billion-rupee of bonds on May 30 – govt