Topside Failures Taking Their......>

DOLLAR-INR TECHS: Topside Failures Taking Their Toll

*RES 4: Inr65.525 - Bollinger band top 

*RES 3: Inr65.413 - High Oct 9 

*RES 2: Inr65.2047 - 200-DMA 

*RES 1: Inr65.003 - Daily Bear channel top

*PRICE: Inr64.745 @ 2300GMT

*SUP 1: Inr64.685 - Low Oct 16 

*SUP 2: Inr64.645 - Bollinger band base 

*SUP 3: Inr64.543 - 55-DMA 

*SUP 4: Inr64.466 - 100-DMA

*COMMENTARY: Having remained capped ahead of the 21 (Inr65.085) and 200-DMAs on

the recovery from Inr64.685 the pair is again looking heavy with immediate focus

on Inr64.685. Bears need a close below to shift focus to Inr64.190-543 where 55

& 100-DMAs and the bear channel base are situated. The Bollinger base is the key

concern for bears with potential to limit follow through. Bulls need a close

above the 200-DMA to end bearish hopes and shift focus back to Inr65.413-890.