Once again we see diversity ruling roost- The American markets are getting higher, the European markets are mixed and Asian markets seem to be confused.
US Markets continue to respond to the underlying improvements in the US Economy- Real Estate markets seem to be gaining traction, which can directly contribute to improving employment in the US.
Mr. Draghi has once again reiterated that he is willing to back up further in the European sector- they simply are desperate for some indications of growth.
USD INR movements continue to dictate terms in our markets...
Yet there is some reason to believe that one last leg up remains..5908 to 5960 seems to be an important over head resistance, meeting of which can witness a b of C leg unfolding.Even if some selling emerges, it will only push Nifty along the natural angle.An uptrend up to June 24 seems to be on the cards.Volatility is quite high and sudden turns seem to happen abruptly
Over to you Ben!