USD INR: Analysis.
On 4th Dec, I had mentioned that the Relief rally of USD INR is over. Read http://www.masterstrokesnifty.blogspot.in/2012/12/what-next.html
On 4th onwards it stated its decent and continuing so.
Now, that it has pierced the recent low and heading towards a deeper close.
In addition, the candlestick Pattern (Circled) show the Bullish candlestick failure. This indicate a fierce drop ahead.
The inset show the weekly chart and, that the nearest strong support is around 52.5.
This 2.5-3.0% move, if Translated could take NIFTY towards 6100 very soon ...
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