Prediction-Indian and US stock markets,forex INRUSD in May 2012

Indian market and INRUSD in May well april is gone  and we have already in May with markets sliding in Indian and US.May may seem like April but with stronger correction

Indian markets  poised to bounceback next week.hence buy at lower levels -around 16500/600.however bounceback in Sensex/nifty will be a good time to short as markets may correct again by mid day ( check important dates of world events- we put this corrections period between may 14-19.IT stocks especially TCS may do well in last 10 days of May when markets may again bounceback. net loss for markets likely inspite of end of May recovery

INRUSD-Relatively better performance of IT stocks/index and separate Tarot reading for INRUSD shows first ten days and last ten days of may will see RE sliding against US$.with bounceback and lot of volatility in between.forex traders can continue to make profits by buying US $ now and again in last phase of May

US stock markets in May-:This could be the month when US markets record a net loss for May after a good run.

US markets gearing for big correction around middle of May.while markets as depicted in Cartoon above will pose huge volatility issues for traders.Markets are likely to recover week starting may 7 and that may be time to short again- you may wait for rise of djia 30 /200 points to sell.last ten days of may again market will rise but with continuing volatility. this month markets may close with net losses


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