USDINR : Technically
rupee is heading towards 54.11 and even higher towards 53.93,but it need to
breach 54.17 and sustain above those level to confirm the continuous upward
trend. Rupee is facing strong resistance around 54.21/23 levels and it is more
likely to fall from these levels if it can’t sustain at these levels. On the
downside 54.37 is good support followed by 54.465.Rupee is trading in very
narrow range of 25-30 paisa, breakout on either side can direct the future direction
for prices.
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