The spot rate is currently testing the lower limit of its midterm bearish channel at 76.60 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity at 76.60 with the 1st objective at 77.20, then at 77.40. A break at 76.40 would invalidate this scenario.
Intraday trading is basically squaring off your position at same day. It is less risky and suitable for newbie traders. Intraday MCX Tips are used by day traders of commodity market. Follow such tips and creates margins.
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