Watchout USDINR in coming weeks, it is looking to go higher and a breakout will cause INR to move very swiftly !! And the effect of breakout will be on Nifty as FII would start to pull out from India !!
Better strategy would be Long USDINR and Short Nifty
Nifty is trading in wave 5 of wave 5 - With Union Budget ahead and RBI rate cut expected soon, Nifty may rally till its upper trendline resistance !!
Long Nifty for Targets of 9249 & 9403 -- Stop Loss of 8555