This post is second in a series which shows correlation between Index and Currency. Most of the moves can be detected through this relationship.
In Part 1: Nifty and INR : The relation is telling something The Rupee breakout told us about the Nifty upmove.
This time the INR has come out of the channel and is trading higher ( or lower in exact sense.) The index meanwhile is still holding the lower channel. Any sustenance of INR above 44.50 can surely be more bearish for the Index.
In Part 1: Nifty and INR : The relation is telling something The Rupee breakout told us about the Nifty upmove.
This time the INR has come out of the channel and is trading higher ( or lower in exact sense.) The index meanwhile is still holding the lower channel. Any sustenance of INR above 44.50 can surely be more bearish for the Index.
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