The Global Equity markets are set to face volatile times this week with Fed Rate decision looming around. The Fed has been hinting a rate hike due in 2015 and hence USD has remained strong in the last few weeks against major currencies and hit all time highs. The US Dollar Index reached 100.18 this week, up by more than 2% and 102-103 levels are very much possible in the coming week.
Nifty remains sell on rallies from here on. 8950-9000 levels remain resistance for now and all intraday rallies are expected to remain capped below. Details below:
Have A Nice weekend!