"Silence is golden, and gold is up these days, so silence is a solid
investment" - Jarod Kintz.
Hi All,
As advised
in the previous post, Nifty may rebound from 13 day EMA. It happened. Now as
the Rupee closed at 66.24, all time low on closing basis, biggest fall in 18
years. It has lost 17% year till date (YTD). So one can expect it to go down
around 69.00.
Rupee on Life support.
Most of the
stocks are at value buying, one can long INFY for the target of Rs 3400
for short term.
Gold and
silver record high of Rs 33,700/gm and Rs 54,800/Kg respectively. Hope to cross
Rs 35,000 and 57,000 respectively.
Term of the
day: Why are 10 Years bond Yield important?
When the
yield on the 10 year bond goes up it indicates that the long term interest
rates is going up. When interest rates goes up it will affect a lot of
investments in the economy. It will affect the stock market, the housing
market, credit card, personal loans and so on. Due to the increased cost of
borrowing it will affect investments in the stock market because the margin
rate will also increase. It will affect the housing market because less people
are willing to commit on new housing and as a result prices will have to come
down. For those who have bought they will also be affected due to increased
mortgage payments. Hence it will affect the overall economic activity.
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