We are witnessing a december dollar rally. I would like to wait for a correction in dollar before selling any of my stocks or metals. In the other hand I would buy both for a 1 month view.
Sugar, metals and equity may see a good rally from an oversold groung soon because dollar have rallied for 3 weeks and may go up a bit from here may be upto 79 on dollar index and rest for a while.
Today : Nifty is bottoming out in short term and wait untill afternoon. yesterday I wrote about nifty target of 5070 ( while nifty was at 5010) and it really touched 5060 intraday.
In any rally today nifty may touch 5090 max and may correct to 5010.
CMP NIFTY @ 11:15 =5026.
Watch FORTIS ! up 4 rs @ 120 . Still hold delivery !.
SILVER TARGET @ 15.90 $ (MUST BUY THEN)
