1. Nifty could possibly stage a rally today and clear hurdle at 8757 and 8840/50 spot levels. The next resistance is looking up at 8925 levels and the indice could react there. Sell on rallies in general but short term opportunities could be on buy side.
2. The USDINR could be poised for a dip towards sub 62.00 levels before resuming its uptrend. Support for now is seen at 62.40 and 62.00. Buy on dips towards 62.00 spot, while aggressive short term strategy could be selling. Details below: