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- US dollar index had taken a pause in its rally to move higher as all major currencies viz., EUR, AUD, CAD , GBP are mean reverting from supports.
- Naturally US futures and others are back to their upward march. Nifty 50 may also open strong as SGX nifty futures are trading in the green.
- Copper is also reverting from 200 DMA as well as Iron ore futures.
- Seems like markets have digested the taper news quite well and started running again with the trend.
- However Jackson Hole symposium is on weekend, so lets say what FED has to say then. Until then i shall pick up stocks which held their ground in this short pullback.
- Selling pe’s if banknifty closes above 35500.