Uwenta

Rupee weakens to 67.30/$ !
Traders will now target low of 69/$ which is now in sight and easily breachable.
Once 69/$ level gets breached, the Rupee will be in unchartered territory and levels beyond 70/$ can be touched within a matter of few days.
Trading in USDINR futures will be in demand going ahead.
A lot will also depend on Crude Oil prices.

To place your trades with customised trading strategy call Anup : +91 95617 33111

Uttar Pradesh election exit poll results which will be out in the evening today will have an impact on & after open tomorrow.
Expect a jump if exit polls show clear majority for BJP and fall if otherwise.

But Beware !! If you are a short term trader, do not initiate a trade just based on exit poll results as the actual counting results to be declared on 11th March could spring a surprise.

And if you are a longterm investor, any fall based on poll results is an amazing opportunity for you to buy more shares.
Do not be scared if there is a fall in the market, because it is actually an opportunity to buy shares of good companies at a discount. Remember that good companies with solid fundamentals will march ahead with profits no matter which government is in charge. Companies like SBI, Hindustan Uniliver, Reliance, Bharat Petroleum, ONGC, Wipro, Maruti etc. have seen many governments come and go but it is their strong product portfolio and solid management which ensures profits year after year.

So keep calm, and Invest no matter who wins the elections 😊✌️

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Invest in Mutual funds for better tomorrow.

Rupee Rallies on Diesel deregulation news. 54.00 level on USD/INR is strong support. Break of support can bring furthur gains for Rupee.