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Monday, November 7, 2011

Nifty and Dollar

Sadly no charts atleast for now . But I am looking at live charts which cant be saved and uploaded here.
The dollar is swinging inside a channel which looks more like a BULL FLAG . It has hit the upper channel line 3 times. And the lower channel line 2 times. . All the more probability that dollar wil come down to hit the lower channel line which will take world markets higher. Nifty will target 5360. Dont know how high it may go.  But if the BULL FLAG interpretation is correct then you knwo what happens after BULL FLAG completes  ; DOLLAR rises and stocks go down . Bought some CALLs  today.

Have fun trading.

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