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Spot USDINR prices to have trend line support at 60.50-60.55: Emkay
Source: IRIS | 22 Aug, 2014, 09.53AM
Rating: NAN / 5 stars.
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''August USDINR prices are expected to have major support at 60.50 and buying interest can be seen there. On higher side prices can face intraday resistance at 60.85. Prices should not close below 60.40 to maintain positive outlook for the day,'' said Emkay Global Financial Services.

''Spot USDINR prices are expected to have trend line support at 60.50-60.55 and buying can be seen there. Prices on higher side can face resistance at 60.95. Prices should not fall close 60.40 to maintain overall positive trend. Only a close below 60.40 will negate the upside view,'' it added.

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