I have added Free Live Charts of Dow Jones index and Currency Pairs like EUR/USD on the top right side of this page. These charts are easily customizable and you can even detach them. I am thankful to DUKASCOPY for providing this useful resource to my dear readers.
For Nifty Futures traders, the Ascending Triangle pattern has failed when it broke 5030 (the trendline support). Those who were long on this pattern should have been in profit as this pattern gave breakout at 4750. Not a bad trade of 270 points of profit!
Now, the Dollar is getting stronger and looking at US Dollar Index, it is trying to break 50 DMA near 76.5. Yesterday it could not close above that but did pierce it in intraday movement. If Dollar continues and gets above this important resistance then we may see it looking at 200 DMA near 81, which means a horrible picture for commodities and equities. However, as long as the downtrendline and 50 DMA holds, one can have the best buying opportunity. Let us see how it behaves in near future. Following chart of US Dollar Index is from stockcharts.com. Here is the link to this chart.