1 Mar 2021 ● 07:15 AM
Looking back everything that happened last week from Wed-Fri may be a mystery. It's like match-fixing, in the good old days done by BSE members. The NSE was created to put an end to it. So why the markets shut down without any reason then rise and crash in the next 2 days. USDINR made the biggest one-day jump out of the blue, which is still unexplained. And today why is USDINR down 75 paise if last week's rise was a serious case of dollar buying?
Anyway, on the chart, the Friday move is now a false breakout. It barely closed above the top trendline but then gave it back from there. So the trend remains down.