NIFTY / Dollar index is a good way to gauge the co-relation between how Indian equities will do as and when the dollar moves.
A lot of fundamental news on the dollar this year, both bullish and bearish, however the chart is signaling a NIFTY breakoff against the might USD.
The last time it did in 2017 after a sharp sell off, we printed new ATH within a year.
NIFTY is "mega" bullish ATM.
Don't bet against India in 2021.