USD breaks out of range

 Currency, Indian Market/Stocks
Oct 212011
 

The regulars of this blog would recall my August post on the USDINR cross rates. Within that larger picture, the short-term is moving to the next stage.

INR - Breakout from a consolidation

A narrow consolidation after a powerful move and a wide range bar. The next stage of Rupee weakness is here.

  18 Responses to “USD breaks out of range”

  1. Amrishrau says:
    October 21, 2011 at 2:58 am

    Hi Jai,

    Your commentary from yesterday seems to indicate some bullish chances. Do you see any stock specific opportunity ?
    Any comments on Pipavav ?

    Regards

    • Jai says:
      October 21, 2011 at 3:10 am

      Dear Rut,

      Never pre-empt the market, let 5177-5200 happen. Until the screen prints it, it has not happened 🙂

      Cheers,
      Jai

  2. Amrishrau says:
    October 21, 2011 at 3:58 am

    Ok Jai……I guessed u noticed that the hands are itching 😉 will wait…..thanks

  3. Azad says:
    October 24, 2011 at 2:30 am

    Happy Diwali Jai,
    Azad

  4. zubair says:
    October 24, 2011 at 10:52 am

    hello sir

    wish you very happy diwali

  5. zubair says:
    October 24, 2011 at 2:16 pm

    thank you for your reply sir

    whats you view on multiple time frame analysis

    Thank you zubair

  6. Kannan says:
    October 24, 2011 at 5:51 pm

    Hi Jai

    Wishing you and followers of this blog a very happy Deepavali.

    Cheers: Kannan

  7. zubair says:
    October 25, 2011 at 9:31 am

    hi sir
    can i think that you will start forex advisory from November

  8. zubair says:
    October 28, 2011 at 4:00 am

    hello sir huge gap up on nifty sir whats your view now

  9. Julie says:
    October 28, 2011 at 7:03 am

    Hi Jai,

    Just wanted some advice.. would a move above 5329 convince you of a bullish move till 5500 or couple of days close above 5329 is when you suggest that we look at a bullish case like build longs etc @ 5300…?
    Thanks in advance..

  10. zubair says:
    October 29, 2011 at 4:56 am

    hello sir

    i will wait for your fx advisory service to start.please mail me the date from when are you planning to start

  11. zubair says:
    October 29, 2011 at 11:37 am

    hello sir

    just to have idea how many pips monthly is a good result according to you

    Thank you sir

  12. zubair says:
    October 29, 2011 at 11:42 am

    sir asking this because to keep the realistic expectations

  13. Ajay says:
    October 31, 2011 at 12:37 pm

    Hi Jai,

    Can we expect your view on Nifty, since its been a long time you updated the blog for general view,

    Thanks

    Regards

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