Indian markets has shown the different behavior pattern in last two months .Global markets has seen significant decline in June and July but nifty and sensex outperformed the global insides.The FII who were the main driver of the Indian indices although domestic fund houses were the net seller in the market due to liquidity crunch created by the 3G spectrum bid . Indian mutual fund industry has seen lowering of AUM.
Now when world markets is rallying from last 15 days the Indian indices is not catching them this is the primary indicator of the fact that from now onward global markets are going to outperform the Indian market in coming month.
In Indian scripts the heavy weight like Reliance Industries.NTPC, are breaking down and their performance will be key for the further move of the market without reliance we cant breakout from current level.Result season is over and there is no further trigger to drive the market from here onward.
DOLLAR INDEX:
Dollar index 88 to 80 in last two month due to strengthening of euro and other currency although the dollars has taken the support at 80 level and again rebounded towards 84 which is looking like a major resistance for the US Dollar.When the dollar will retreat from the 84 then the market will rally again in September.
So the hot dollars and cool stock is the theme of investment till the year end then 2011 will come with the new ray of strategy for investment world till then dollar move is important.
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