Market View: Before tapering news after tapering postponement news Nifty 6125 6130 usd/inr 56 61.50 Still INR has not regained the previous level, due to increasing Current Account Deficit (CAD), Lack of faith in Government etc., If RBI Gov.R.Rajan hints at easy money policy in his first review meeting today, Nifty will jump further to hit new all time high. As of now, there is further chances of fall in usd/inr. Minimum tgt 60.70 break of which will see 58.92. meantime, sell IT, Pharma and FMCG stocks and shift to Banking, Infra stocks.
Posted on: Fri, 20 Sep 2013 01:10:26 +0000
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