I’m Bullish on BANKNIFTY & RELCAP, Bearish on TCS USDINR, EUR/USD

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.

 

 

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