Still now FII's are pumping money inside india due to the depreciation of the the USD Index. Thought not much fundamental improvement visible in both of the countries( India, America).
And the weekly charts states that USD index is likely to close below the cloud for the week.
Which indicates a high probability of the USD index to broke its leg. May be FII's will be more interested in Installing their money in Asian countires. For the condition to be valid USD Index should not shoot once again above 82 levels where Weekly resistance comes in.
The only thing what we cant afford is Higher Crude and Gold Prices in future
if dollar has a steep fall from current levels.
Rest Enjoy the Market!!!
Rajandran R
Related Readings and Observations
Idea : Long Term Breakout Stock
I have just two charts with me take a long term buy call in Idea. Lets have a look with the first one. First Chart is as usual my all time favorite long term Breakout GANN […]- What if Money Didn’t Matter? How would you spend your life if money was no object? What is it you really desire? What if money didn’t matter? An important, thought-provoking series of questions from Sir Alan Watts:
- Baltic Dry Index – A Leading Economy Indicator The Baltic Dry Index is a daily average of prices to ship raw materials. It represents the cost paid by an end customer to have a shipping company transport raw materials across seas […]
- HDFC Bank levies penalty for inoperative A/C , Cash Deposits If you are an account holder of HDFC Bank and if you don't operate your savings or current account for a year then HDFC Bank will levy a charge of Rs 50 on inoperative account. This […]
- Amibroker Technical Analysis Workshop – Chennai We are proud to host in-depth two day workshop in Chennai on Technical Analysis and Amibroker AFL Programming concepts using Amibroker Software. It is not the usual seminar around the […]
- Technicals and Patterns with Ranbaxy Charts From the daily chart it is clear that Ranbaxy has finished ABC correction from recent high of 578 and made double bottom at 370. From lows of 380 price are moving in well-formed price […]
Nice post.