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Wed, 25th May 2016

Anirudh Sethi Report

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Latest Posts

ALERT- PBOC sets USD/CNY central rate at 6.5693 (vs. yesterday at 6.5468)

Injects 70bn yuan via 7-day reverse repos

CNY (against the USD) to its weakest now since March of 2011. USD strength being nudged along by the Fed bosses muttering about imminent rate hikes. China not slow to jump on the weaker currency bandwagon. And why not?
Another busy, busy day at the People’s Bank of China
“Is that yuan rate set yet?”
“Yes boss”
“How about the repos- you done them yet?”
“Yes boss”
“7-days right?”
“Yes boss”
“And did you cut the RRR rate?”
“No boss”
“Ha – just pulling yer leg!”
“Yes boss”.

US Indices Closed up ,Now Asia is Up….So SGX Nifty is Up 60 points.(Dead Cat Bounce ,Nothing else )

Those Who Know…………….How To Trade with levels and having Strategy will Mint Money.

Stop of 7700-7684………………..Buy NF & Relax (Yesterday indicated to …..)

NF-Will it zoom to kiss 7841-7856 ??

At Higher levels…………………………..Again we have to sell ??Will Update More let’s see.

Technically Yours/ASR TEAM