At present Dow Jones is moving in a range which is not that bad, I expect it to hit further high levels in coming days which will support higher Nifty levels as well. I am counting on Dow Jones chart which is at present supporting other world markets as well.
FTSE closed in +ve, but DAX and CAC are slightly -ve on closing today. Its a mixed reaction by Europe markets which cannot suggest any confirm downtrend at present.
Only problem is from the oil side which is at present strong and my suggestion is 83-85USD which was already posted yesterday as well.
I am worried from oil side, which will worsen USD strength too.
Tuesday, January 5, 2010
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