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Nifty USD

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NSE:NIFTY   Indeks Nifty 50
Nifty USD:

#WeekendRead Something interesting

Why the DXY matters ! This is Nifty USD chart.

If you see this one, there is clear breakdown of 21-Monthly EMA on Nifty USD monthly chart, whereas when you compare this with Nifty INR chart we are still trading above 21-MEMA.

Means until DXY settles we keep getting weak for FIIs and that money won’t come in big; some pocket we may see for swing (breakdown retest) but overall we remain weak.

With Nifty USD 21-MEMA breakdown and Reliance at crucial support and getting rejected from its previous swing low ~2445/65, all I want to remind everybody is trail you SL.

Happy Weekend!

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