Consolidation ahead. Look for investment opportunities. 3-5 year horizon. Buy in batches. Keep Booking profit to avoid any unforeseen incidents .
Possible butterfly pattern. Wait for confirmation levels.
Buy on blue support , sell at red resistance. India is sitting on big forex reserve, so big rupee depreciation is not possible. Keep on swinging. Rate will not appreciate beyond 73 Rs /$ in medium term due to weak economic conditions, high WPI , dovish policy, tapering, liquidity requirement, Continuous rupee infusion for growth needs, persistent Current...