As per Hourly chart, Rupee is towards 5th wave. So firstly it may touch 64.80, which can be good level to buy and if it dosent break then we can expect it to go near 66.20 and above..
nifty is towards finishing last shoulder of H&S pattern. it had returned from 9700 level. If it manages to go up from this level; its first resistance will be 10130. (Previous Schouler's high). and if it turns again negative from 10130 ; it will go 9700 (and probability are high that it may break the neck line of 9700 at that time. )
One down fall still pending in tataelxsi till 1445. and then upside breakout beyond 1544. SO wait for going long in it.
CMP: 485.50 Target: 480 SL: 487 Intraday