Nifty / USDINR chart gives idea of how indian market has behaved in terms of international valuation.
When we see long term chart, we can see that Nifty has not made all time high in terms of USD, we also see that a significant top provided resistance at later date.
Considering this will we see resistance after another 5~7% move in nifty.
Let's observe how nifty will behave and situation unfolds.