The appearance of the Cup and Handle pattern indicates that, if by next week, INR takes a new high, then within few days it s likely to achieve the theoretical target of 57.85.
We all know that the weakening of INR will be translated into weakening of NIFTY. if we translate this 10% move of INR, expect the same in NIFTY too within few weeks, baring small relief rallies. Note that this analysis is for informational purpose only and any trading decisions have to be made on realistic trading signals, www.niftydaytrader,com