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
Union Budget 2014 – Simplified Infographic Union Budget is over now check out the Infographic has been created by futureadvisor.in and it gives a simplified insights of this Union budget2014.
Nifty future weekly observation- wealthcreator Nifty future closed the week on a very weak note. After the one way rally from past couple weeks of January series nifty future was looking tired and consolidating around 8800 to 9000 […]
BIGGEST MULTIBAGGER IN LAST 3 YEARS !! 3 YEARS AGO,CORE PROJECT :PRICE AT THAT TIME ---> 0.18 THEN IN 34 MONTHS : 420RETURN --127126% RETURN (AFTER SPLIT/BONUS)THOSE WHO HAVE INVESTED 1 LAC 3 YEARS AGO.........HE […]
State of the Market Interesting toon which depicts the current state of the market. Love to see the bear waiting for its turn to come!
My Wedding Invitation With joyous hearts we invite you to attend the wedding of Rajandran(Marketcalls) and Vidhyaa Sree(GoGreenGuyz) on April 21st,2011 at Sivakasi Industries Charities Kalyana Mandapam, Sivakasi
India/China Index Ratio
Charts shows ratio of Indian Index(Nifty)/Chinese Index(Shangai Composite).Though it is not a good trading indicator its worth watchable .I like to […]
Nice post.