The Indian rupee opened at 63.90 levels after closing at 63.71 levels yesterday. The Intraday range is seen between 63.60-64.20 levels.
The rupee depreciated by almost 50 paise yesterday against the US dollar due to the ongoing worries that the US Fed might taper sooner than anticipated. This has led to losses in all the major emerging market currencies as the tapering would result in huge outflows from the emerging markets.
Intraday Stock Calls :
1. BUY Oracle Financial Services with a stop of Rs 3230, target of Rs 3411.
2. SELL Coal India with a stop of Rs 286.50, target of Rs 270.
3. SELL HCL Technologies Ltd with a stop of Rs 1120, target of Rs 1050.
4. SELL Dish TV Ltd with a stop of Rs 54, target of Rs 51.
FOR MORE ACCURATE INTRADAY BUY-SELL CALLS, REGISTER HERE AT STOCK TIPS TODAY.
