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Mumbai, Maharashtra, India
Focusing on Treasury-Forex, Commodities, Trade Finance,Equity and International Stock Indices.I have been in Treasury and Forex since 1995.

Sunday, January 22, 2012

Rupee- Risk Reward


Sub: Rupee Technical View (Buy on Dips)
Buy at 49.50 (1st Stop Loss at 49.10 and worst case scenario 2nd Stop Loss will be at 47.60)
Risk at 47.60
Reward: 58 (after 6 to 8 Months Time)
Kindly check the graph and the trailing mail
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4 comments:

  1. Nilesh KothariJanuary 23, 2012 at 9:29 AM

    I don't agree with your Reward point i.e 58 simply b'cause now our Central bank understand that inflation could ease by hiking interest rates, also due to high US$ price india couldn't benifited of low commodiety price and now don't feel RBI could survive Free fall.

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  2. Bipin BanavalikarFebruary 1, 2012 at 3:23 PM

    58 seems too high, as already mentioned by Nilesh, RBI might not let Rupee depreciate at that point

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  3. Edwin DsouzaFebruary 2, 2012 at 11:03 PM

    i am not saying 58 technical says 58....when rupee was 43 nobody thought it will go to 54....u never know what news will take to 58...

    ReplyDelete
  4. Edwin DsouzaFebruary 2, 2012 at 11:04 PM

    i am not saying 58 technical says 58....when rupee was 43 nobody thought it will go to 54....u never know what news will take to 58...

    ReplyDelete

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