Its very Important to Understand Micros

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
What I can understand from the chart and fundamental, the currency is very strong above $69. I don't trade in currency but I never ignore micros.

Due to Election currency rate is stable but after the election, I think currency may give closing above $70 and it will go up to a minimum $70.35-$70.65.

Also, I want to connect this scenario with IT sector. I observe that in every dip smart money are buying IT stocks.
Now I am closely watching Pharma Stocks because pharma stocks are also beneficiary.

Thank x :)

Comment: Good Evening to all. I post this in the morning @ 8:15 Am... This is my rule to study all micro event before the market start. I was bullish in currency and crud both but, to be honest with u I was not sure about currency because due to election currency was not going above $70 but today I morning I was sure about currency that it will go up and close above $70 because I was seeing smart money involvement in IT sector and Pharma Sector. Mark my words after the election the petrol price will be increased if the crude price will go down. This is my view maybe I will be wrong 2019 will be better than 2018 but not good as 2017. 2020 will be the great year. Let's see...


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