About Me

My photo
Mumbai, Maharashtra, India
Focusing on Treasury-Forex, Commodities, Trade Finance,Equity and International Stock Indices.I have been in Treasury and Forex since 1995.

Friday, May 23, 2014

RUPEE FORECAST


Rupee trading at 58.52

Upside will be 59.20 to 59.80

Looks strong and heading for 57.50..if 57 breaks we can expect 54 to 55 range (This time its not elliott wave..Its NAMO Wave)

Looks like 57 will break

Increased selling of the dollar by banks & exporters and foreign capital inflows

Nifty looks 9000 target..if 7800 breaks---- so you can expect rupee to go stronger