FX_IDC:USDINR   U.S. Dollar / Indian Rupee
This analysis is done for educational purpose only. As we can see USD has given breakout on weekly charts. USD and nifty are very well connected to each other and rise in USD can lead to profit booking in Nifty . This is a temporary phase in the market, therefore, next couple of weeks we can see profit booking in Nifty . One can long USD and short Nifty to hedge.