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.
Related Readings and Observations
Gold Historical Weekly Charts turns to Buy Mode Today there is a major trend change on the Gold Weekly Chart which had turned to buy mode on the Weekly Ichimoku Charts. 10 Years of Gold Historical Charts are shown for your reference. […]
Nifty Future Weekly Observation 30-March-2015 As shared in our previous weekly report nifty future break down after the channel was broken and trend continued in favor of bears. The march series has been what the most bears had been […]
Austral Coke – Scary Buy Signal NMA Charts of Austral coke shows only 5 trading signal for the past 10 month. And the more recently on March 7th Austral coke shows a buy signal. Stock had rised almost 40% from it lows in […]
Nifty and Bank Nifty 90 min charts for 15th Dec 2011 Trading Nifty and Bank Nifty continues to be in sell mode on the 90 min charts since 8th Dec 2011 with resistance coming near to 4959 and 8996 respectively. Still Higher Open Interest holds for […]
Callibration and Measurement of Power Rating of Stocks In any industry it is always critical to calibrate any equipment or measuring tools which are in application of process.This is crucial to ensure efficiency and to achieve targeted output […]
Nifty Futures – Inventory getting short to too short Nifty Futures on Wednesday trading session exactly respected at the Tuesdays prominent POC and also selling continued at days open. Day ended with a spike with a poor structure combination […]
Leave a Reply