AbhishekHSinghCMT
Long

USDJPY & India Nifty Connection-- Looks bullish till 111.45

FX:USDJPY   U.S. Dollar/Japanese Yen
41 0 4
USDJPY-- Sustainable move above 109.15 ---pair looks bullish till 111.45- which is previous high....One should put strict stop loss below 108.20 or look to buy in the zone 108.50--108.90 with slightly below 108.20.

The rally which started from 105.55 has crossed 110.65 which key level before it had severe fall on 28th April             2016-taking out that low & falling till 105.55.

Intermarket relation plays such an important role that trader should keep a tab on financial instruments which can give clue. USDJPY             taking U-turn could help --India Nifty             & Asian Markets from falling further as expected by majority...Well, having said that today we got Bank Nifty             -Explosive Call ( As per comment section-2:00 pm -2nd June 2016---Bank Nifty             complex correction ends at 17430's ---Boom...........Up..Up...& Away....It zoomed to 17600 & Nifty             zoomed 70 points from 8150--8160 (Suggested in Nifty             Update--8150--8160 strong support zone .... Nifty             Touched 8230 ....Double Explosion...Enjoy & Have Fun.

Regards,
Abhishek H.Singh, CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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