WEEKLY RANGE – 68.40 (68.61 – 69.08 ) 69.26
POSITIVE ASPECT :-
OIL HOLD BELOW 50DMA & 200 DMA.
FED anticipation will be key.
Anticipation of RBI monetary stance.
CONCERN :-
India Share market sell off - FII running.
Yields getting bids near 6.40 levels.
Manufacturing weak performance.
Word bank lowering India growth.
Conclusion :-
On Import Aspect: - There is major probability for INR will appreciate , until hold 69.08/69.15 levels.
On Export Aspect: - Must cover every upside.
DERIVATIVES:-
INDIAN 10 YEAR BONDS:-
UPCOMING WEEK IMPORTANT GLOBAL ECONOMIC EVENTS:-
BoJ Monetary Policy Statement (30th July)
CHINA PMI (JULY)(31st July)
FED interest rate decision (31st July)
BoE interest rate decision (1st AUG)
USA NFPR & UNEMPLOYMENT (2nd AUG)
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