Crude about to test a crucial support.... Coming days, dollar + crude will decide broad nifty movement... If crude rebounds, a strong dollar, and rising crude might take nifty further down...
Dollar out of the falling channel..... Gradually approaching 108-110 levels.... Might consolidate there for a while.... Till it breaks out of the triangle...
The price of HUDCO is trading midway between Gann Central and 1-2 at the attractive support of 66. The shortening of candle body shows that war is coming to an end, with a long upper wick signifying that bulls are still in power and consolidation may continue for some days. Can be kept in watch-list for any break-out. Can be bought in case of breakout for target...
