The USDINR which opened Gap down (18th May) after the Election results. has filled the GAP today - 13th July.
Knowning the high inverse correlation between the NIFTY and USDINR , it will only be a question of time when the Nifty too will try to fill the UP Gap .. which is placed at 3700 levels !(incidentally the H&S pattern too gives target near to this level) ...
My belief that "Price is King" is getting stronger day by day .....!
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd.
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