Thursday, December 17, 2009

Trends are for following

All currency pairs are sticking to their daily trends. Euro has been steadily losing against the USD. GBP made one valiant correction yesterday but made all the gains to give up faster than you can say 'wow'.

Since morning it is a  listless market, except for the biigg move by GBP. Am waiting on the sidelines but don't think any great moves will happen today.

But I have been proven wrong oftener than I care to like!

Nifty is near its daily averages and ought to make an attempt higher by today or tomorrow. Worth watching how it works out.


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Shantanu Marathe said...