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Monday, January 21, 2013

INR/USD What ahead????

Finally INR Spot closed below the 53.88/53.8 range against the USD and has turned weaker. Its a sell on rise as long it doesn't trade or close above 53.9 in the immediate term. Good bounce seen only above 53.9 as of yet.

On the downside it finds support at or could see level of upto 53.40 & 53.25/21 & 53 & 52.51 & 52.06 & 51.76.....Levels by Levels.


Regards,

Manish Bothra.

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