Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-01-2016

Mtechtips MCX-SX USDINR INTRADAY trading analysis 13-01-2016

Mtechtips The Indian rupee traded down for the second straight trading session Tuesday on likely overseas outflows from local shares amid dollar selling by public-sector banks, while bond yields gained for the second day on caution ahead of the release of India's December retail inflation.USDINR consolidated around 67.00-67.10 yesterday and settled at 67.0250. A high wave candle stick formation on EOD chart is indicating for indecisive move in days to come. Immediate resistance is seen at 67.20 sustain move above will expect to test 67.35-67.50 else pair may show correction from every rise towards 67.10-67.00.On the downside immediate support is seen at 66.75

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