1. Nifty might be preparing for a short term rally towards 8925 spot levels before reversing lower again. Yesterdays movement was indecisive and hence chances for a pullback remain bright. Please note that rallies should be sold.
2. The USDINR pair is expected to dip lower yet again into 62.50/30 spot levels before resuming rally. Bulls are expected to take a pause and form a higher low ahead of 62.00 spot levels. Details below: