NIFTY - Everyone in-'voicing" Dollar!

It was a gap that this time bears welcomed, bulls regret. The cues were more positive than as we write now. New highs and then setbacks. Major Indexes namely US30 print bearish engulfing, Dax print shooting Star, UK100 outside day bar. Nikki is negative as of this writing. Then the question is will we react to them. We did not in the last down move. This time we broke the important supply zone and moved ahead. So that sense it wont be one to one. Nevertheless, the European cues play some impact on everyone. Watch this space. Asia is mixed. Another developing, news is everyone voicing their views on I don't need your currency when it comes to mighty US Dollar. Either these are mere, postures or they really don't understand the policy impediments that it poses. It has always been My Currency, Your Problem. For US it is happy welcome at this stage as a fall in currency is Defacto rate cuts, cushions its undeclared support to them. What about others, the answer is unwanted hike's that has been thrust on unwanted hatred. The path is clear, only realisations will take time. For the Nifty the move on Monday held support 17300, did not meet our target of 17270 and then the bounce. Looks like a gap open then the fade down or if down fade the down move. 17300-17500 is the new range. Individual places to shine ahead of the Monetary Policy and again expiry and truncated week.