2017.04.2101:39:00UTC+00Fxwirepro: Indian Rupee Rises Gradually Against U.s. Dollar, Stay Bearish

• USD/INR is currently trading around 64.63 marks.
   
• It made intraday high at 64.74 and low at 64.63 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 64.79 marks.  
   
• Key resistances are seen at 64.82, 64.92, 65.08, 65.15, 65.34, 65.48, 65.64, 65.80, 66.00, 66.32, 66.48, 66.57, 66.80, 67.01, 67.17, 67.31 and 67.45 marks respectively.
   
• On the other side, initial supports are seen at 64.57, 64.47, 34.36, 64.28, 64.17, 64.02 and 63.91 marks respectively.


• In addition, India’s NSE Nifty was trading around 0.21 percent higher at 9,155.35 points and BSE Sensex was trading at 0.17 percent higher at 29,472.96 points.

We prefer to go short on USD/INR around 64.65, stop loss 64.80 and target of 64.47/64.36.