Markets are keeping mum!
It says that markets are for buying or for selling but sometimes it is always a wise decision to take some rest what markets are doing now. Though $/Rupee is appreciating as the USD is depreciating around the globe against its all major peers as Janet yallen, yesterday, in her testimony said that FED is oblige to help US economy as long as it will be needed and last week the outlook both for the EU and the eurozone is confirming a muted but continuing recovery what they says as broad based recovery! Foreign Investments are flooding since January as FII's are looking for a stable government which attributed to more than $9 bn inflow since January! IF on May 16, a stable government would be formed despite sluggish growth and NIFTY could touch 7500! What does that mean? Are we looking for a another circuit in market, post elections? Time will answer the questions but yes it will not be wrong to say that Markets are gonna touch a new height soon.
$/Rupee pair could stable around 56-57 post election!
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