- Rupee –US Dollar Exchange Rate nearing all time high at approx. Rs 68/USD
- Brent Oil at approx. $80/barrel from approx. $27/barrel in less than 3 Years
- 10 Year Indian Government Bond Yield at approx. 7.8 from approx. 6.2 in less than 2 Years
- 10 Year US Government Bond Yields at approx. 3. 1 from approx. 1.4 in less than 2 Years
Ideal Scenario for Bears to Overpower Bulls
Let’s look at the above mentioned factors on charts and their probable move going forward say in next year or so and their likely impact on Indian markets viz. NIFTY
- Weekly Chart: Rupee- US Dollar Exchange Rate dated 18th May 2018
Probable downward move from hereon towards approx. Rs 65- Rs 66/USD before continuing likely up move towards Rs 73-Rs 74 /USD
- Weekly Chart : Brent Oil dated 18th May 2018
Probable downward move from hereon towards approx. $75- $77/USD before continuing likely up move towards $88-$90/USD
- Weekly Chart: 10 Year Indian Government Bond Yield dated 18th May 2018
Probable downward move from hereon towards approx. 7.5-7.7 before continuing likely up move towards 8.3-8.5
- Weekly Chart: 10 Year US Government Bond Yield dated 18th May 2018
Probable downward move from hereon towards approx. 2.9-3.0 before continuing likely up move towards 3.7-3.8
Impact on Indian Market
- Weekly Chart: NIFTY dated 18th May 2018
Probable down move from hereon towards 10,400-10,500 followed by bounce towards 10,700-10.800 and then continuing likely down move towards 9,700-9,800
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