`Buy` USD/INR March for target of 50.17/50.24: ICICIdirect

ICICIdirect expects the US dollar to attract some buying on declines against the INR. Utilise the lows in the USD/INR March contract to buy above 50 with target of 50.17/50.24 and a stop loss of 49.91, it says.

In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 50.1. The USD/INR March open interest was down by 1.2%. The April contract witnessed an increase in open interest by 0.3%, it notes.

Good Levels…
What would be ur next target for the March expiry?

no one can analysis the markets in the forex… it depends upon some situation… we will see what is done in march expiry