INR cash hits intraday high of around 55.10 where there is tough resistance around the 55.07 and it is expected to correct which could be taken as positive. Only continuous closing above 55 could make things worse for INR.
Dowjones trading below 200 EMA which is already into negative territory. Only a closing above 12920/12985 could bring back Dowjones into a positive territory.
S&P as long trade above 1375/1376 its fine. Above 200 EMA.
Nasdaq already below its 200 EMA however got strong short term support stands at 2873/2858 whereas in the long term chart Support stands at 2781/2700.
Nifty is likely to remain strong as long it trades above 5608/5600, weak only below the mentioned level.
Net net Dowjones have to show some strength first followed by a correction in INR which could bring back the glory for the market else vice versa.
Dowjones trading below 200 EMA which is already into negative territory. Only a closing above 12920/12985 could bring back Dowjones into a positive territory.
S&P as long trade above 1375/1376 its fine. Above 200 EMA.
Nasdaq already below its 200 EMA however got strong short term support stands at 2873/2858 whereas in the long term chart Support stands at 2781/2700.
Nifty is likely to remain strong as long it trades above 5608/5600, weak only below the mentioned level.
Net net Dowjones have to show some strength first followed by a correction in INR which could bring back the glory for the market else vice versa.
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