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
10 best Tax-Saving Investment Options We earn. We spend. We save. And then, at the end of the fiscal year, we compute our income tax. Many of us hurriedly invest in a bid to reduce our tax liabilities. The government has […]
MCX Gold Hourly SDA2 Trend Trading Chart – 29 July 2011 MCX Gold Hourly charts with SDA2 Trend trading buy or sell signals has been published in the marketcalls for the very first time. Updates will be continue with SDA2 trend trading charts […]
SMS Alerts To Stop Cheque Related Forgery After the recent rise in frauds revolving around cheque related transactions Reserve Bank of India, has made SMS alerts mandatory. Now banks will be sending an SMS alert to both drawer and […]
10 Questions Traders has to ask themselves to Stay Different from the Crowd We been told "An Investors/Traders to be successful in Financial market one should have radical approach, unique trading methodologies" So I put bunch of question to my readers possibly it […]
China Commodities Market Unleashed. Shanghai Futures Exchange (SHFE) is regulated by the China Securities Regulatory Commission (CSRC). At present, futures contracts' underlying commodities, i.e., gold, silver, copper, […]
Bank Nifty shows sign of Reversal? Banknifty Spot on the hourly chart is in buy mode since 17th Feb 2014 and the prolong buy mode continues so far with the support zone coming close to 12477. And the momentum in Banknifty […]
Nice post.