1. World indices corrected its rally this week, with DAX as exception. The Dow has dropped to 17.856 levels exposing 17,500 levels this week. Nifty remained almost flat at 8937 producing an indecision candlestick pattern on the weekly setup. 9015 spot level is expected to produce interim resistance while 8675 is immediate support.
2. The USD remains extremely strong among the currency segment. The USDINR is setting up for an extensive rally towards 64.65 levels in the coming sessions. Details below:
Have A Nice Weekend!