WILL INR BREACH 57.33 ON UPSIDE ?

I feel 57.33 is a top for time being, more over i feel rupee could strengthen further, Initially it can trade between 54.17 and 57.33.and finally break below 54.17.

I think Rohit will not agree but i give few reasons on which the probability ( I FEEL ) is rupee should strengthen, Monthly chart of INR is attached

Will Nifty close above 5195 and 5225 if yes then we can see further up move or else nifty can slip back to the lower levels. but i am not optimistic .

Nifty has closed aove 5225 , More chances for bulls have opened,
From the low of 5032.4 (26th july low )nifty has moved up and corrected in Running flat correction which ended at 5154.05 , now wave 3 has already opened and may move to 5260 and 5310.
This view holds as long as nifty does not closes below 5154

RUPEE USDINR will show strength.
USDINR has formed a Diamond pattern in the USDINR daily chart, which is a distribution pattern.
Once 55.13 is breached, chances of falling below 54 will be high.
The recent high 57.33 will hold stiff resistance in coming months.

Few days back we said wave 3 has already opened from 5164 and may move to 5260 and 5310.

Today nifty has closed well above 5310,

Next upside target for nifty is 5360, 5433, 5516, 5630 to 5650.
There could be correction and sideways movement but the trend is up and more likely to reach the above target in coming months.
Strengthening of Rupee is an added advantage

In the same discussion we have said that
Next upside target for nifty is 5360, 5433, 5516, 5630 to 5650.
Nifty has crossed 5360 and yesterday's high was 5425, Nifty has to cross and close above 5433 for the next target of 5516.
If 5433 is not crossed then we can see a correction till 5350 levels.
A Running flat correction is likely , we saw in the begining and i feel the same sort of running flat correction is in the offing now. But a move towaards 5600 is for sure.