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Gud morning Parvinder ji, your analysis are simply great, yesterday itself you mentioned that DI is OB, now see, Great... i was bullish on Euro, you were predicting that DI will cool off a little, atleast now there is some breathing space for our market.
Prassna ji, gud morning, Technicals were pointing for a rebound decoupled with the ques, so it had to happen. Now that there will be a recovery , lets see till where it lasts, today the resistances for Nifty are place at 5150/5190/5265, and 5100 will act as a support now.
Hi Karan; Gud morning; looks like God has answered our prayers. EURO up from 1.2729 to 1.2920 that is up of 1.5%.
Dear Karan; marvelous, thanks very much.
DEAR PRASANNA
EUR USD CHART, A HAMMER IS FORMED ON THE CHARTS ,ALSO THE RSI IS IN OVERSOLD AREA AND NOW IS LOOKING THAT IT HAS EXHAUSTED(CREDIT FOR THIS TO JAGMOHAN JI STUDIES) SO MOST LIKELY EURO WILL TRADE UP TOMORROW, WHICH SHOULD HAVE A POSITIVE EFFECT ON THE MARKET,
Your link for checking euro usd is fine, if euro starts to move up against the dollar on monday it should have a positive impact on all global market.
you can also check live euro usd prices at http://www.livecharts.co.uk/ForexCharts/eurusd.php
Karan, can you please help me in posting this latest EURO - USD chart http://www.fxstreet.com/rates-charts/live-charts/ does this chart give any pointers to nxt wk trading.
There is a meeting as i have posted in my other post, now its upto the market how they react to the ques that will come out of Europe. Keep a tab on the Euro USD livechart, it will give a clear indication where our markets will head.
Things look better now, lets keep our fingers crossed, don't forget there is a Euro Zone meeting this weekend to take the final verdict on Greece. ----------------------------------------------- Karan; is there a Euro zone meeting once again this Sunday, the meeting got over last week right ???
NIFTY AND S&P BOTH HAVE CLOSED ABOVE THE TREND LINE JOINING THE LOWS OF JULY 2009, FEB 2010.... A POSITIVE THAT CAN BE CONSIDERED IN THIS BEAR MARKET.
JOIN THE TREND LINE JOINING THE TWO PREVIOUS LOWS (APART FROM TODAY'S ) ON THE CHART AND SEE WHERE S&p ENDED TODAY.
Things look better now, lets keep our fingers crossed, don't forget there is a Euro Zone meeting this weekend to take the final verdict on Greece.
tomorrow gap down atleast 80 to 90 points
This is called volatility.... just Spectacular, we witnessed something today and i will take it as a learning. Now i am watching for a close of 1127 and above on the s&P.... lets see
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