USD presents superior moves over INR adding space by US equities, further upside luring future

US stock market booms as quick growth in biotechnology companies such as Gilead Sciences Inc and social media firms like Facebook Inc and also driven by the popularity of mobile computing. Further index fueled by shares of Apple, which has been among the largest constructive influences on the index from last couple of years.The benchmark index Nasdaq traded as high as 5,073.091 on Thursday. The index's last record close of 5,048.62 was hit on March 10, 2000.

The benchmark S&P 500 index also set an intraday high, but closed shy of a new record. Street experts looks there is still room for the Nasdaq to rise.

Trading derivatives strategy: USD/INR 

As we suppose the US dollar to earn buying support on dips against the rupee. Target and use every possible dips for USD/INR April contract to buy in the currency futures market. The most traded dollar-rupee April contract on the NSE closed at 62.37. The April contract open interest was up 6.02% from the previous day May contract open interest was down 2.87% from the previous day.