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https://ganninsides.com/2023/08/14/usd-inr-update-6/
USD-INR update
“NVIDIA is nearing critical support at 128. A breach of this level could trigger a significant decline, not just for the stock itself, but for the entire tech sector. This could have far-reaching consequences for the broader market. Keep a close watch on this developing situation.”
NIFTY has registered fresh all time high which is within our expectations.
with this support have shifted towards 23020 on spot from 22800.
exit longs below 23020,
but as long as thats holding momentum should continue on upside.
NIFTY as expected have marched towards 22800 on spot.
Since INDEX took out its major resistance of 22350 our view has been BULLISH, and we have turned our short term trades towards upside.
Going forward tomorrow is a key cycle date so tomorrows low would be critical.
On downside supports have shifted higher to 22550 from 22350 as long as 22550 stays protected on upside 23025 and 23270 could be tested.
#NIFTY and #VIX are making 52,weeks highs together.
Someone is wrong and will have to correct its mistake and have to turn immediately lower.
Lets see , who gives up first?
WATCH OUT for DXY very closely.
a move above 105.10 would signal fresh leg of upside towards 107.75 and 109 in coming days! Once it takes out 105.10 that would be extremely BEARISH for risk assets like BTC and EQUITIES and safe havens like (GOLD&SILVER)!
Practically it should get there very soon TIME CYCLES atleast are pointing towards more upsides for $ I would be watching for $,JPY a move above 152,25 could signal a test of 156 and 161,
which would be enough to trigger a RISK-OFF sentiment for GLOBAL MARKETS!
NIFTY is still holding its support of 21,800 on spot! if that doesn’t break during liv MARKET then expect that to break with a GAP-DOWN either TOMORROW or till next TUESDAY! $S&P;500 too 5050 critical! fresh leg lower due only below these supports!