INR may head upto 54.90 against USD as long it remain above 53.20/53.40, only below 53.20 INR could inch down.
This time market may not correct using the above funda. It might so happen that Nifty may remain in this range of 5600-5700 or above and while INR corrects from around 54.90 area market may start inching higher where there's a good possibility of getting a new 2012 high soon. Nifty weak only below 5608/5600 and not before that.
Its an personal observation.
This time market may not correct using the above funda. It might so happen that Nifty may remain in this range of 5600-5700 or above and while INR corrects from around 54.90 area market may start inching higher where there's a good possibility of getting a new 2012 high soon. Nifty weak only below 5608/5600 and not before that.
Its an personal observation.
54.95-55.07 is the max range I see as of now.
ReplyDeleteINR hits 55.10, I strongly believe that its time to correct.
ReplyDeleteOnly few continuous closing above 55 could make things worse.
INR 55.55....NOW WHAT IS YOUR OPINION REGARDING USD...
ReplyDeleteWe are at new 2012 highs as presumed.
ReplyDelete