Currency Corner by Kotak Securities

2023-07-07 08:06:35 During the previous 4 trading sessions, USDINR did not drop below the low it reached in the first hour of trading (9 am to 10 am).

The recorded low for today's trading session is 82.62 in the spot market.

Traders planning to go long on USDINR can consider placing a stop-loss (SL) order below 82.60 on a spot basis.

If the exchange rate sustains below 82.60 on a spot basis, it is recommended to exit long positions.

Until the exchange rate drops below 82.60 on a spot basis, it is advised to maintain the long position. Open / Comment

2023-07-07 07:27:47 Open / Comment

2023-07-07 07:27:00 USDINR OPTIONS OI Open / Comment

2023-07-07 07:25:57 USDINR 27TH JULY VOLS Open / Comment

2023-07-07 07:25:40 USDINR 14TH JULY VOLS AND STRADDLE PREMIUM. They have jumped by over 100 bps over past 4 days, but it is still low.

A vol explosion can occur, if USDINR manages to breakout above 83.00 levels, not before that Open / Comment

2023-07-07 06:54:19 USDINR: (Bias-Upward. Range- 82.45 -82.90) During the previous three trading sessions, USDINR caught us completely off guard. After being squeezed into a narrow range of 81.90 and 82.10 on the spot for nearly three weeks, prices initially gave a false breakdown… Open / Comment

2023-07-03 14:07:20 If you are holding the trade, then you can carry the position overnight Open / Comment

2023-07-03 11:25:37 After plunging 32 paise in the first half hour, USDINR has retraced 2/3 of that decline. Erratic moves continue. Open / Comment

2023-07-03 07:42:04 Some increase in IVs of month end as well... 27th July Open / Comment

2023-07-03 07:41:28 Vols have jumped from 2% to 3.3% now... 7th July Open / Comment