The pair again having kissed Rs.55 mark again failed to sustain above the said level. During the week it kissed 54.48 level and managed to close near its support level of Rs.54.7. Still we upheld our bullish view on the USD-INR unless until 54.54 level is broken a weekly basis. Below 54.54 levels 54.3 is the strong support level. Traders who are long on the pair must keep intraday SL of 54.3. So as long as 54.54 is in tact on weekly closing basis or 54.3 is in tact on Intraday basis longs should be carried. Our short term TGTs 55.20-55.35-55.85.....
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