Monday, 29 October 2018

Good Morning!

Sell off in technology shares on Friday continued to weigh on the Wall Street. Global economic slowdown along with poor corporate earnings reports continue to build pressure on Asian shares today which showed a little signs of correction today morning.
Oil prices were stable today amidst global growth concerns while the Dollar Index held firm, not far off a 10-week peak hit after data showed U.S. economic growth slowed less than expected and as global risk sentiment remained fragile.
The Indian Unit is seen opening around 73.30 and is expected to play the 73.15-73.55 range for the day.

Karvy Forex

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Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.