Some serious correction seen in the market and USDINR finally gave a breakout which we were discussing from past so many weeks. Let see how the charts looks now:
USDINR:
Dollar gave Breakout of Inverse head and Shoulders. Staying above 67 now take Dollar to new highs. We might see all time high soon on the cards.
NIFTY:
Nifty currently trading in down trend channel. Inside channel has support at 7380-7400 levels while larger channel has support at 7300 levels. 7200 is major major support beyond which if Nifty trades then something seriously wrong with Indian Economy.
Lets See how it goes.
NOTE: Above charts are shared for Learning purpose only and are not related to any buy sell TIP.
USDINR:
Dollar gave Breakout of Inverse head and Shoulders. Staying above 67 now take Dollar to new highs. We might see all time high soon on the cards.
NIFTY:
Nifty currently trading in down trend channel. Inside channel has support at 7380-7400 levels while larger channel has support at 7300 levels. 7200 is major major support beyond which if Nifty trades then something seriously wrong with Indian Economy.
Lets See how it goes.
NOTE: Above charts are shared for Learning purpose only and are not related to any buy sell TIP.
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