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Thursday, 23 January 2014

Dollar Index and Nifty co-relation exposed - 24 January 2014

Hi,

This is an interim update for http://blog.tracknifty.com/2014/01/nifty-24-january-2014-forecast-23.html . 

Dollar Index has cracked by a massive 1%.

In recent times when this happened was 17Oct 2013, and 18Sep 2013, and on both these occasions, Nifty on the other day rallied by more than 2% each. 

Right now EURO is zooming like a rocket, but INR for some unknown reasons is showing some minor depreciation.

Conclusion : Buy 6400 CE tomorrow on gap-down blindly.

Anjum S Khan
admin@tracknifty.com
Admin/Analyst
TrackNifty.com