STOP LOSS BELOW 17400 ON CLOSING BASIS

STOP LOSS BELOW 17400 ON CLOSING BASIS FOR LONG POSITIONS. WE HAVE SEEN BREAK OUT ON INTRADAY BASIS FROM DOWN WARD CHANNEL BUT IT IS NOT DECISIVE. IN WEEKLY CHART ALSO IT HAS CLOSED WITHIN CHANNEL.EVEN IF IT CLOSES DECISIVELY PROFIT BOOKING IS ADVISABLE.

USE THIS RALLY TO GENERATE CASH. GO ON REDUCING EXPOSURE. OR HEDGE YOUR POSITIONS.

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for wave count followers good link of Ilangoji's blog with both options.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgStJFj-TOnJfKvjEozh_55OQwTcDnYfX23XYijHw_v-46dVcMprAW6pj9nj7D7ucnAYMqPf3-wbUjgxXprdY2mhctpe9Ca5uQEEIVH9MCkYzpeux1ZkLldCyNVjgh4lDQaOHx5Zhy2j_8/s1600/0.0.PNG

US DOLLAR INDEX

LOOK AT CHART OF US DOLLAR INDEX ATTACHED HEREWITH.ITS MOVEMENT MAY GUIDE 

US FOR FURTHER MOVES IN EQUITY MARKET.BELOW 83.3LEVEL NEXT SUPPORT ZONE IS 

BETN 80 AND 82 ZONE . 200 DMA IS NEAR 82 AND 200EMA IS SHOWN IN CHART.NORMALLY 

WEAKNESS IN US DOLLAR INDEX HAD HELPED FOR UP MOVES IN EQUITY MARKETS AND 

GOLD.