USD -INR :Dollar heading towards: 48.55-48.75
07 February 2010
Just refresh your memory ,I was very Bullish in US Dollar Index from last 4-5 months.
-Forecasted 73-74 was bottom and all of u can see against all world currency USD had become strong.
Against INR it kissed 45.30 (4 week back ).
Now at 46.78 in NSE
What to expect from this level ?
-All Indicators are favouring USD.
-Upmove will continue.
-Any Decline Buy USD.
-After looking weekly chart and if u can see it had broken triangle too with positive divergence on RSI and all other indicators indicating Bull run will continue.
-Time Goal Theory indicates :In next 8 weeks will see unexpected price of USD against INR.
-Triangle TARGET :48.75
-Sloping Trendline :Halt around 48.55 level.
To know more about INR Trend against any other currency send me 
Updated at 9:02/7th Feb/Baroda
February 7th, 2010 at 4:55 pm
It means that CNX IT will be last hope to prevent nifty further downside.Long on IT stocks with stopless around 200 DMA or 5 EMA , & Short on Real State Stocks
February 8th, 2010 at 8:49 pm
Thanks Anirudh. Was looking for this comparison for a long time. I am intrested in knowing on many stocks but will not be able to join as I do not trade. even though I do, I will only with 3-4 Qty just for passion.
February 11th, 2010 at 8:05 pm
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July 19th, 2010 at 7:13 pm
What is your current view on the USD INR ?