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USD/INR: A short term study. Wake up call for Government of India. Cross of 55 will prepare for get-set-go for 57


Read this article – As published on 20 May 22, 2012

Link –
 http://viecapital.blogspot.in/2012/05/usdinr-short-term-study-wake-up-call.html

When we have published that article, USD = INR 54.43

With in two days,
It shoots up to 55.43.

If I am right we will see INR 57 much sooner than expected. RBI really interested?
May be not or may be it’s out of their hand.


Impact will be worse on equity market too. I have already expressed my fear of re-test of 4790 and it seems to be coming tomorrow only. It will not stop @ 4790 this time. We need to prepare for all new set of lower levels for NIFTY and Sensex.

Due to higher number of queries, I am re-publishing the link. Study remains same.
Do not miss to read,

Thanks & Regards,
Praveen Kumar
I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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