I’m Bullish on BANKNIFTY & RELCAP, Bearish on TCS USDINR, EUR/USD
BANKNIFTY may find support around 15350, expecting 500 min. point upward rally
RELCAP may find support around 620, expecteing target 650 & above if fundamental supports.
In TCS, we may see 2200-2170 levels, due to profit taking & currency appreciation.
USDINR may show previous levels (59-58.60), if Iraq problem solved soon.
Still, I’m bearish in EUR/USD, but one should hedge the position to avoid unexpected movement against him. FOMC Press Conference ahead.
* Due to bad global fundamental new flows, market may see sudden crash/rise movement, so one should hedge the position, avoid naked trading .
* T & A Apply.