Technical Market Commentary
Rupee : Rupee touched the levels of 47 plus and corrected significantly down (unexpectedly) due to fresh bout of dollar selling happening overseas. The trend maintains bullish in rupee but we may look at 47 plus levels again till year end. (USDINR – 46.39) Bullish Euro : EURO is making a rising wedge pattern with clear divergence in the daily and weekly charts. Usually this kind of pattern leads to a strong correction downwards.