Well I have been closely tracking the Dollar (Dollar index) for the past few days to get some better idea of how stocks and commodities should behave in coming days.
Gold and Silver went in to correction and lost their technical momentum. Stock indices worldwide too seem to be losing their recent momentum...
Dollar Index is surely on a rebound path with technical parameters favoring a further rise.
Well , that should surely mean that stocks , metal and bullion may go in correction or sideway mode (depending on their individual strength)
As of Nifty - Watch out for the 5030 level !!
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
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