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Wednesday, August 21, 2013

No more long in INR@ Shorting might be a good idea!!!

Exclusively to our clients we alerted that above 56.80 closing INR will get into a new territory@

Then on 26th june we talked about INR hitting 63/64 max against USD@

Currently INR spot at 64.40....I won't like the idea to go long further rather shorting might be a good idea in PARTS:-)
Shorting on every Rs 2/2.5 upside likely to be a good idea from now if Rupee depreciates further.  

Its an personal assumption. Always take your own decision.
I can go WRONG!!!

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