Nifty, Relcap, AxisBank Turns to sell signal

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.

 

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RBI Governor Raghuram Rajan warns of global market crash

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.