Forming an overall bias is really important when you want to participate in any asset class.
As most of us are equity participants, it is crucial to know the influencing factors for the equity market. Dollar is one of the most important indicator of equity movement as most of the trades happen through Dollar and it is the biggest currency in the world.
At a high level, we have have a notion that when dollar goes high, Indian equity goes down.
In this chart, I am sharing a bullish pattern on the USD/INR chart which is not a good sign for the equity market. If the Dollar breaks out above this triangle, it can lead to some clouds in the equity.
@Munish_Jain, It depends on many things apart from this chart. But I can do an analysis on your holdings if you want..
At a high level - like I said in the above analysis, keep an eye on the Dollar chart also. Because, it has not given a confirmed breakout. So, the signal is not confirm. 2. If you portfolio has the sectors which are in a bullish trend, you could still hold. 3. Always a good idea to have a track of individual investments. If the theme is over or the chart says its over, you could think of exit.