The decision by the BOJ members to keep the stimulus package unchanged led to global repercussions while the Dollar Index broke out of its monthly level of 93.62 and is currently trading at 93.42. The next major monthly level is 92.6 This has led to a breakout in commodities and a sell off in equity markets. A surprise sell off was triggered in NSE Nifty on the last day of the April clearing. The index surprised traders my making a high of 7992 and then spurring a sell off . SGX Nifty is trading 25 points gap down today. Nifty should take support of 7820 which is a short term trend change level. Small cap index will see a trend change below 5089.
Submitted April 29, 2016 at 12:29AM by ShaileshSaraf http://ift.tt/1SV4039
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