Dollar giving bearish signs. How good is it for Nifty bulls?

August 2, 2022

“Dollar index monthly chart shows completion of harmonic pattern which is bearish in nature. The minimum target of 89 opens up till the time index trades below 110. Bearish observations on the dollar index support our bullish view on emerging equity for the next few months,” says Edelweiss Broking’s research head Vinay Khattar.

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Chart Check: RITES trading near crucial support levels; buy for a bounce back towards 500 levels

Short-term traders can look to buy the stock now for a possible bounce back towards 500 levels in the next 2-3 months, suggest experts.

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