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Nifty at 19,000? How a bearish dollar index may stoke the current bull run further.


Stock brokers in Kolkata react after the benchmark indices hit new highs.

Synopsis

Technical chart shows if Nifty continues to stay above 13,600 levels, it will walk towards 17,000 and then climb 19,000 levels in the months to come, unless the dollar index changes its trend. This indicates the beginning of a multi-year bull market. Should investors take the plunge or wait for another crash?

Even the staunch believers in the Indian equity story didn’t see it happening — this fast.As the market hit a record high of 15,900 on Tuesday, it marked doubling of Nifty 50 from the nightmarish crash of March 2020. The market has already moved up more than 100% in the last one year. Hold on. There could be more action in store. For, a weakening dollar index is giving signs that the next leg of a bull run in Indian equities is around the

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