Late Morning Trading Strategies India September 03, 2012

One can see the suspicion of a long trade firming up in the Rupee., since Friday when the market fall did not bring about a speculative scuppering of the currency the entire eek and further as the Rupee trades 55.41 from 55.65 at the start of the series (September Futures on the NSE) 

Commodities may see some correction as US markets are closed and more investors may gravitate towards gold as China dat precludes any Asia resource recovery in 2012 and India and Malaysia, Thailand and Pakistan remain the only non Middle East participants in growth. However Oil sentiment has firmed up as supply remains scarce and the notional dip in consumption balanced out by later contuned consumer spending in the US and even Europe from Germany to Italy


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