DEPRECIATING RUPEE & GLOBAL UNSTABLITY PULL THE NIFTY BELOW 200DMA
Today NIFTY broke its 200DMA and closed down @ 5086, shattering all hopes. Further, EUROPE's unstability also added to the woes making it a grim situation for the investors of India.
Rs against $ fell to 53.40 levels. Where it is a favourable situation for the exporters, it is a cause of worry for the FII's.
In todays market, all the front liners fall like a pack of cards. All the sectors of NIFTY ended in RED.
Now reassessment of NIFTY levels is necessary before making any new investment.
We will update you on the levels of NIFTY very soon....
Today NIFTY broke its 200DMA and closed down @ 5086, shattering all hopes. Further, EUROPE's unstability also added to the woes making it a grim situation for the investors of India.
Rs against $ fell to 53.40 levels. Where it is a favourable situation for the exporters, it is a cause of worry for the FII's.
In todays market, all the front liners fall like a pack of cards. All the sectors of NIFTY ended in RED.
Now reassessment of NIFTY levels is necessary before making any new investment.
We will update you on the levels of NIFTY very soon....
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