Home » Intraday, Nifty Technicals

Rupee and Sensex

6 September 2008 5 views No Comment

Nifty CMP : 4352

Charts Showing Comparision of Sensex Vs USDINR Charts and the 20 day EMA

Crossover indicates a buy/sell signal. And this charts explain how forex markets are
related to Indian Stock Markets. I don't know how to explain since i was novice to 
forex markets. And the chart says that whenever a buy signal generated in rupee
there is a corresponding sell signal in Sensex. But i think the chart explanations
is quite easy to understand where we are moving.

Inference from Three Year Charts

And from the charts we clearly see that during February,2007 our rupee trade nearly
at 44.5/Dollar what we exactly trade now. Buy that time sensex trading around 14,500
what exactly we trade now in sensex

And still the Charts shows a buy signal in rupee.. means it could extend
upto Rs46/Dollar.

And again from charts we cleary see that during october 2008 our rupee trade nearly
at 46/Dollar . And Buy that time sensex trade at 11000 and odd pts.

This is What gonna happen now…. And the fundamentalist people go and search
what is going to be fundamentally wrong… Coz everything technically going right.

Random Posts

  • Nifty Strategy for Futures and Options
    Nifty Spot Price : 5025     Nifty today started with a great bang downwards due to fear of Oil hitting a new record high of 135$/Barrel Dow Sheds more than 200 pts last wednesday added the fire to the oil. Will Fridays Market can show any ...
  • Intraday Swing Trading Example in Nifty
    The Traders Action Zone (TAZ) is a buy and sell zone on a chart that swing traders can use to identify possible reversals in a stock.This is just simply  "area" that we look at to see if a stock that is in a strong uptrend, after pull...
  • Deccan Gold Mines:A real goldmine for you
    Deccan gold mines was suggested by me several times over the last 2 years.As i always say patience pays that got vindicated again.Deccan gold from 12 since my recomendation on march 07 closed at 50rs on this friday itself.So another 4 bagger,make it...
  • Nifty Positional Shorts
    Source: www.marketcalls.in...
  • Simple Slope indicator for Investors to know the current trend
    Chart shows the current trend for Crude, Gold , Silver, Nifty, Dow, Nikkei, Shangai (SSEC), Infosys ADR and Satyam ADR, USD Index with Slope Indicators with 20(Short term),50(Medium Term),100(long Term) period. Just click on the charts to get a bigge...
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

Optionally add an image (JPEG only)