Nifty, Relcap, AxisBank Turns to sell signal, weakness might be continued….
USD/INR may show upward rally …
Our Target on EUR/USD of 1.3300 has been achieved.
(Positional Short suggested @ 1.39 & lots added at 1.38, 1.3720,1.3670, 1.3540 for target of 1.33 which has been met today.)
* T & C Apply.
RBI Governor Raghuram Rajan warns of global market crash.
http://blogs.wsj.com/economics/2014/08/06/rbis-rajan-sees-risk-of-financial-markets-crash/
Although, it doesn’t mean that it all market will crash soon, But Rajan warns about risky assets created by the loose monetary policies of developed economies.
Our Positional Short call performed very well in DAX index.
We have posted our bearish view around 9880 (closing SL 10050) for the target of 9770-9700-9600, & now you can see the recent Low made 9030.
The rally seen of 850 points.
see the call posted on 4th june on below link.
https://eaglemoneyad.wordpress.com/2014/06/04/im-bearish-on-dax-index/
* T & A Apply.
