Posted By : Kishore B.S
Rupee woes continue with rupee touching 68 levels against dollar. This rupee swing has become a part and parcel of the market. So, the effect is not as great as it is expected.
The global markets are a tad negative but no signs of worry. As of now, it does not look right to short the market. Tomorrow the new RBI Governor is coming. Any positive signs from him will lead to a rally. So, it would be better to go long if Nifty holds 5400 levels. Nifty can retest 5550 levels if it can sustain 5400.