Expedient Consultants

KV's ChanakyaShaala

FII Flows Positive, Dollar Index Helping

FII flows were positive yesterday on account of Dollar Index falling decisively below 75. This indicates positive trend for the market in future. However, fundamentals remain weak. In case additional flows don't materialise, we may go back to below 5500 levels. Moreover, there is resistance between 5580 and 5650. In case we cross this hump, we are headed for 5900. From Astrological angle, Markets are likely to trade with a positive bias for the next few days.

Go Back