Al though a wedge top has formed on USDINR. Reserve Bank of India may be a villian and stop Indian rupee from appreciating. i.e. stop USDINR falling too far.
As we have talked in past post #DXY is high and after CPI result it has break up side. same for #USDINR #US10Y Till it has chance to more fall and here i have added some supports in this post. you can find your levels and analysis then take trades. More to indian market has looks fall to come soon as it making pattern like that but all game of news and data...
All factors seem to be falling in place for Indian Economy. And that will likely translate into huge gains for Indian currency, bonds and equities. This update speaks about the signals visible at the beginning of 2024.
Strategy Details: Short Strangle: Sell an OTM call and an OTM put. Weekly Duration: Initiating the trade on Monday and closing it by the expiry date, which is typically the end of the week for weekly options. Potential Advantages: Profit from Time Decay: Options lose value over time, which benefits the seller. Range-bound Market: If USD/INR stays within the...
Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%. Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian...
India has managed to keep its public finance in control and focus on capex led growth. That has ensured that India managed to stay afloat during the storm and now that the storm has subsided, India is on its way to race at higher knots. This video is an update on the latest global macro developments
India's FY24 Q2 GVA/ GDP Data has just been published and it is higher than estimates. This video analyses the data and in an update to the earlier idea of impact of bond yields on equities.
As the US Inflation numbers came soft, all doubts about Fed hiking rates in December were gone. That led to all currencies strengthening against the $. US Yields colled off, Dollar Index came down and US Equities soared. Indian markets also joined the party. The Rupee made strong gains making new multi week highs. G Sec Yields came off highs and Sensex and Nifty...
Rupee made a new low against the greenback on Fri 10 Nov 2023. Falling Rupee means higher inflation, higher yields, lower liquidity and hence capping of equities. This is what i discuss in this update
USDINR is currently forming a symmetrical pattern, which is a consolidation pattern that can precede a breakout in either direction. Swing traders should wait for a clear breakout before taking a position. Trade with Symmetrical Patterns: A Simplified Guide Symmetrical triangles signal potential trend pauses or consolidations. Breakouts from these patterns...
Over the past few days, there has been a steady fall in Indian yields, largely due to fall in US yields and falling crude oil prices. The rupee has been stable for over a year now; it is this kind of predictability in the economyu that makes India an attractive investment destination vis-a-vis its peers. As we approach Mahurat Trading, we are crucial resistance...
Looks Bulls are entering which kept market floating for past 2 days might get good movement by tomorrow or expiry, if open without gaps or open in previous days range. - As per trend analysis bulls making lower highs as support may hit 43800 - Bullish move above 43800 , Resistance at 43970 - 43600 may act as support & resistance both. - 43400 support on down...
As US Yields cool off a tad bit, it results into Dollar index cooling and Rupee strengthening. Our Forex Reserves increased, our yields fell and our benchmark equity indices soared. India's maiden 50 year bond issue was oversubscribed and that shows how much interest and confidence there is about India over the coming few decades. India's largest Festival season...
As the FED did not tinker with rates, Indian equity markets saw a gap up opening. This was probably on the hope tha FII selling will subside and the continuous fall which we were witnessing may pause/ stop. India's largest festival - Diwali - is on, followed by the Union Budget coming in early 2024 and soon after that the central elections would be...
USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium. 83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107. Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that...
Rising US Yields are attracting liquidity from all assets. Also, in the domestic markets the yield curve has become flat. From being normal sloping during height of Covid to flat today; the shape and level of the yield curve have repercussions on investors. This video examines the liquidity situation globally as well as locally and tracks leading indicators to...
The Indian Rupee (INR) has depreciated by 1 RS against the US dollar in the past month and is approaching its historical peak, a potential reversal opportunity. Consider taking a short position, using a tight stop loss set at the all-time high of 83.6 . This decision is bolstered by the presence of a bearish divergence, lending further support to this strategy.
The weekly chart of the USD INR is the ascending trangle pattern formation: In the techanical view the probability of the brackout is high as compare to the brackdown. Currently the crude price hike, this is negative effect the USDINR Next year is the election, previous chart patter show election year Rupee is fall Foreign investor sold the indian market