It is important to understand that primary trends of stocks, bonds, and commodities are determined by the attitude of investors during unfolding of events in the business cycle. An understanding of the interrelationship of credit, equity, and commodity markets provides a useful framework for identifying major reversals in each. MARKET MOVEMENTS AND BUSINESS...
Some bad news is coming for RIL. it's related to the 'theft of gas' in bay of bengal. www.financialexpress.com
crude oil prices are heavily falling in past 3 - 4 weeks. we can see good quarterly results in oil-based industries. it will also affect petrochemicals prices. so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
Will it hold the support this time? Lets see....
Resistance Becomes Support.....I am expecting WTI Crude to hold $55.
Refer chart. double top formation trend line breakdown also possible. Vijayaraghavan.K, Kovilpatti
all the important levels are mentioned in chart
I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
Will wait for a week or more for the right time to short.
Just for testing Vijayaraghavan.K, Kovilpatti
let's C ..where it ll go...>>>> For more query comment below.. i ll happy to see your view, comment and feedback And follow for such more analysis ....