Nifty USD:
#WeekendRead Something interesting
Why the DXY matters ! This is Nifty USD chart.
If you see this one, there is clear breakdown of 21-Monthly EMA on Nifty USD monthly chart, whereas when you compare this with Nifty INR chart we are still trading above 21-MEMA.
Means until DXY settles we keep getting weak for FIIs and that money won’t come in big; some pocket we may see for swing (breakdown retest) but overall we remain weak.
With Nifty USD 21-MEMA breakdown and Reliance at crucial support and getting rejected from its previous swing low ~2445/65, all I want to remind everybody is trail you SL.
Happy Weekend!
#WeekendRead Something interesting
Why the DXY matters ! This is Nifty USD chart.
If you see this one, there is clear breakdown of 21-Monthly EMA on Nifty USD monthly chart, whereas when you compare this with Nifty INR chart we are still trading above 21-MEMA.
Means until DXY settles we keep getting weak for FIIs and that money won’t come in big; some pocket we may see for swing (breakdown retest) but overall we remain weak.
With Nifty USD 21-MEMA breakdown and Reliance at crucial support and getting rejected from its previous swing low ~2445/65, all I want to remind everybody is trail you SL.
Happy Weekend!