January 18, 2011

DOLLAR Violating its support line

  • US Dollar is violating its support line at 79.025
  • If day closes below this level dollar will turn negative in the short term
  • Next support is at 78.30 in daily time frame.

1 comment:

  1. The Nifty Index continued its upward march for the second consecutive day and ended with gains of 1.22% at 5724.05. On the derivatives
    front we have seen that the Nifty Futures prices surged along with an increase in the cost of carry but witnessed decline in open interest, this is
    an indication that markets rose more on account of short covering. On the options front the OI PCR and VOL PCR continues to trade below the
    level of 1.00. The Indian Volatility Index (VIX) witnessed decline of 8.95% suggesting some positive moves to continue.

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