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+--- Thread: MARKET SETUP: UNPRECEDENTED TIMES (/thread-458.html)
MARKET SETUP: UNPRECEDENTED TIMES - Chandra - 07-07-2022
Huge recovery in US market, Nasdaq leads Dollar Index surges past 106, Euro nearing parity Brent crude slides to near $100, recovers a bit FIIs turn buyers for first time since May 30 SGX Nifty recovers 200 points from overnight low
TRADE SETUP
Staying nimble and sticking to levels important Buying plunges and selling big rallies working
Friday low was 15,511, yesterday high was 16,025 In 3 days, Nifty has shown 500 point range!
20 DMA of 15,760 should now act as support On upside, 50 DMA of 16,164 remains the key level
The commodity plunge is good news for Indian macro The FII buy number: Is it a one off or start of something? Big Qn.
First signs of short covering by FIIs in Index futures