Friday, 18 November 2016

Nifty struggles below 8100

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Market is likely to face a larger amount of heat because of fall in the rupee value. It has already gone beyond 68/USD. Should it fall beyond that level and go up to 69/USD or a little above, which it touched in August, 2013 then in such situations we might see some more pressures in the market largely coming out from the global exchange traded funds (ETFs) who are relentless in selling into Indian markets.

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