USDINR FEB FUTURE DAILY CHART

USDINR is drifting lower for the past few weeks, on 5 Nov 2020 USDINR hit the 75.75 levels, thanks to RBI for their intervention & institutional buyer for creating a demand for the dollar, However, FII has shifted their focus towards the equity market that leads to nifty to rallied to a new high & forced dollar to trade in a lower side.

As we have seen that USDINR FEB Future has found its demand zone around 74 levels since September 2020, so what does it mean can we see again RBI intervention & some buying in USDINR from that levels or USDINR is looking for another demand zone?

Having said that as per charts USDINR probability towards upside is getting more than downside but this is a Forex market, so you can expect a weird movement anytime, although being a Trader I will look for buying in USDINR Feb Future by keeping a stop loss of 74 levels on a closing basis.


# Trade as Per your Risk Appetite 

# Trade with Trend

# Trust me being wrong in the market is not a sin but not accepting your mistake is surely a sin in the market.








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