Below 5250 with volume we can see more downside in nifty.
although Put Call Ration is very low, we can see further selling.
big investors/ trades, FII is selling their holding in Indian market, but this is not too much panic condition…
but we might see the same in future, if………..
US FED stop QE3
US enters in Syria’s war
USDINR trade & sustain above 67
Rating agencies downgrade Indian economy.
CAD, trade deficit, fiscal deficit if not controled.
USD/INR will show Further upside if sustain above 65.60.
above 65.60 usd/inr will create a base on that level & will zoom more very soon.
we might be see level above 67.00 very soon, as many negative are governing on our market, like FII selling, Syria war concern, & QE return issues..
hold long position in RCOM & tatasteel with SL of entry price, 123.50, 198.00 respectively
Hold DLF Fut with SL of entry price (126.50) target expecting above 131 in intraday
we often see a fake buy signals in bearish market, & fake short signals in bullish marke.
we can see it on above given chart.