Stock Tips Providers.
Good morning everybody,
The chart above depicts three assets:
1. USD/INR 2.BANK NIFTY 3.NIFTY
Their Inter-Relationships providing an excellent picture of present market situation and dominant player in control of the present market scenarios
Since strength of INR (Falling USD/INR Chart) is more or less vertically followed by rising Nifty and Bank nifty –it is safe to assume that FII’s are dominant in present market situations and more likely, USD Fluctuations are prone to create risks in the above mentioned assets.
It is better to keep an eye of global market situations especially US Economic reports and other aspects to gauge risk sentiments.I am expecting Market’s will be more or less range-bound this week until any substantial event affects the market participants..
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