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- US markets closed strong after FOMC talk of Taper and Rate hikes.
- Indian markets too closed in the upper ranges of the consolidation range. I suspect we may not break it and reverse from here.
- Today’s weekly expiry so, we can be assure of the drama as also yesterday’s Cabinet reshuffle may induce some volatility.
- USDINR is relentlessly moving up, if it continue to go up then, it can hamper the mood of bulls.
- Today’s the start of the result season too. Expecting a lot of action in IT as well as metals.