Currency Levels (2nd December 2019)
Rupee opened on a flat note against the US Dollar in the early morning due to growth concerns after GDP fell to 4.5% in the second quarter of 2020. China’s positive manufacturing data supported the prices of Crude, which is also weighing down on Domestic currency. The 10-year Indian government bond yield was at 6.47 percent.
Support is 65.60 Resistance is 65.90.
Break and sustain above 65.90 will take it to 66.20---66.50 mark else could touch its resistance level of 65.60 mark.
Fresh selling can be done only on a close below 65.60.
Trade with levels only
Dollar index has its support at 98.20 and resistance is seen at 98.60.
Break and sustain above 98.60 will take it to 99.00---99.40 levels or else it can touch its support level of 98.20 again.
Buy it on dip!