USDINR remains confined within a range, lacking any significant catalysts to prompt a breakout. The support zone hovers around 82.80/90, while resistance looms near 83.20. Traders might consider selling around 83.10/15 with a stop above 83.20 on a spot basis. Conversely, buying near 82.90 with a stop below 82.80 on a spot basis could be a viable strategy. Short straddle and short strangle trades remain popular, but it’s prudent to employ tight stop losses and manage positions conservatively, considering their inherent risks.
USD INR GANN Chart
USD INR broken gann angle support zone.
USD INR Supply Demand Zone
India Rupee Supply Demand Chart : Demand in range of 82.75-82.80, Supply in range of 83.15-83.230
USD INR Harmonic
Price is forming the D Leg of SHARK Pattern heading towards 82.80/82.65 till below 83.25