In the month of July many commodities and stocks formed new high or even life time high. Markets of the world are not showing any sign of slowing down. Irrespective of the direction up or the down markets are bound to keep moving at a good...#weekly#newsletter#levels#euro#usd#gold#reliance
In the month of July many commodities and stocks formed new high or even life time high. Markets of the world are not showing any sign of slowing down. Irrespective of the direction up or the down markets are bound to keep moving at a good pace. Most of the markets are in a big momentum and momentum is the life, sign of fighting back, loud slogan – We all are here in game. We all together will win the fight against the Covid19. History will remember spirit and the guts of this generation. Now onwards we all need to be little more careful, conservative and alert. Next few months may test the fundamentals on ground.
In stocks, Reliance Industry showed the strength to hold the Indian prime index Nifty 50 up only on Thursday and Friday. Stock of Reliance was in consolidation period for more than 7-8 years and as per the principles of Dow Theory longer the accumulation period, higher the stocks or commodities move up. Reliance proved the same. Look at the chart:-
Currency pair EURO/USD at important make or break point Whole the world respects the UD dollar as valuable as gold as or even better than glittering yellow commodity. This time Fed pumped in more t…...
#StockMarket News- Benchmark indices opened lower on Tuesday and were trading flat following weak global cues. The #rupee weakened slightly against the #USD on #Tuesday, it was trading at 70.99 per dollar, down 0.18% from its Monday’s close of 70.87....... Read More
#Brent#Crude was down 7 cents at USD 83.84 a barrel in early trade Tuesday. U.S crude oil price was down by 1 cent at #usd 74.28 a barrel, having fallen as low as #usd 73.07 in the last session to close the day just 5 cents lower.