With Long Downtrend in the USDINR and the Forex Market EURINR has fallen down to its s upport zone of 76.50-77 range . One can buy with the target of 77.90-78 with the SL of 76.45 Considering that USDINR will be positive and EURUSD will be stable or vice-versa.
Short the EURUSD at the levels of 1.1330-1.34 Tg1 :1.1285 Tgt2: 1.1260 Tg3: 1.1200
Nifty has breached all its resistance in the past couple of week. Now it is in the major Resistance zone of 11530-11461. If it doesn't break on a closing basis. Expecting a New High would be really Difficult. It has made a Bat Bearish Butterfly Pattern And to Break such Pattern it has to reach and sustain for a week at the levels of 12,750. Till then, it is hard...