Either it breaks 66.20- Key level & 65.95 critical levels on a daily closing basis, then I will really think that Indian Markets are .
If dollar rupee breaks on the upside, above 67.15 -then likely suggesting one leg for dollar rupee is still pending as suggested in my long term analysis as well shown below- which indicates that the Indian Markets likely could bounce on account of U.S. Elections but as soon as USDINR protecting downside 66.20 initially & goes above 67.15 should give us a major clue that the Indian Markets already had put a top@8969.
If Nifty goes above 8969- in the bounce back, which is expected to give the bulls some hope & Dollar Rupee will go below 66.20 & 65.95 on a daily closing basis.
Impatient About Acche Din
Hilary gets clean chit from FBI- Dow Futures 200+ SGX Nifty- 70+
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ