USDINR Levels and technical analysis for next day are updated everyday after the market closes. You can use the levels for learning and backtesting purposes. These levels are based on support & resistance can be used to exit & take an entry. Major support & resistance levels are reversal levels where the market may turnaround, hence can be used for entry & exit for paper trading as well.
Summary
USDINR is currently trading in very tight range of 50 paisa only for last few days i.e. 82.5-83. If we see Implied Volatility, IV is staying lower @ 4.4 only meaning intraday move of 0.275% or 23 paisa per day(Not seen as fixed). As per VIX, we expect tight range on USDINR with lesser chances of Gap Up OR Gap Down Opening on Monday. We are neutral on USDINR and see following important levels for Monday Feb, 13, 2023
USDINR Levels Table
| Particulars | USDINR Feb FUT Levels |
|---|---|
|
Resistance - R3 |
83.10 |
|
Resistance - R2 |
82.90 |
|
Resistance - R1 |
82.75 |
Previous Close |
82.6450 |
|
Support - S1 |
82.40 |
|
Support - S2 |
82.15 |
|
Support - S3 |
81.85 |
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