indiacharts

Inter Market Divergence Nifty v/s Rupee

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
The lead lag between the currency pair and Nifty can give lead indications of a trend change in the offing. A new high in USDINR in Oct not confirmed by a new low in Nifty was a bullish indication, but this week a new high in Nifty not confirmed by a new low in USDINR is a bearish indication.

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