Stock Advisory in Indore > Rupee Weakening And FII & PRO Are Again Short, Market To Feel The Pressure

Get Current Market Update News >>>> www.ripplesadvisory.com

Indian Market Outlook:

FII & PRO has again created a short position in Index option for 114990 contracts. Indian Benchmark Index Nifty closed at 9873 after making a low of 9816. The Index was down by 0.92% from its previous day close.

Emerging market currencies weakening further

Indian Rupee took the support of its previous week low of 64.75 and closed at 65.12 after making a high of 65.17. If the currency goes above 65.19 it will give the breakout of 5 months high, next monthly target of the currency would be at 66.90. If this happens we may see pressure coming in Indian Equity markets as per Dynamic levels Research team.