The benchmark index Dow Jones Industrial Average, or simply put DJIA has been an upside since late May and the question going around is whether this rise is for real is it only a retracement before next wave down. I believe the correction is most likely over and the bounce we have been seeing of late is indeed a market reversal.
What you are seeing in the chart...
Though the long term trend has been undoubtedly bullish, going by certain indicators it would seem time for a correction. Guess it's time to short USD/INR in the short to medium run.