Rate rallies to resistance at the 1.4250 area and falls back to leave a huge wick. Holds lows so far but a reversal could be in the works if the sort-squeeze is over. Light stops seen on the move over the 1.4100 area as late shorts get squeezed.
The USD is continuing in two-way action as the majors continue to consolidate off their weekly lows; traders note conditions remain thin and the lack of US fundamentals are keeping some sidelined ahead of the FOMC rate announcement tomorrow. After early gains in the Greenback overnight better-than-expected overseas data helped to hold the GBPO and the EURO higher although both pairs looked for new lows in early New York but reversed losses to close better on the day as early intraday shorts covered back as the day wore on.
Rate follows GBP higher; scores highs overnight Europe but fails into early New York. Recovers late in the day suggesting short-term players on the short side covering back.
Rally less volatile and the rate holds tech resistance at 1.3325/30 area overnight. Rally all day today suggests a short-squeeze is in the works; fall back argues the squeeze is over. Stops around 1.3030 area likely under the market. More likely in-range but probably cleared on the pullback from highs.
The Sensex continued to trade in the positive terrain on account of continued buying action witnessed across frontline stocks.
Auto, banking, FMCG, oil & gas stocks were the major gainers, while consumer durables went down. BSE Midcap and Smallcap index gained 0.48% and 0.68% respectively.
Indian stock market belled the day positively at 9,077.65 after gaining 73.57 points as against its last closure on Tuesday.
Ace Bollywood actor Hrithik Roshan has hurt his arm while shooting a stunt scene for his upcoming flick ‘Kites.’
The incident occurred at the Filmistan Studio in Mumbai on Tuesday.
The actor was taken to the Kokilaben Dhirubhai Ambani Hospital and Medical Research Centre in suburban Andheri, for first aid by the concerned crew, and later discharged.
According to reports, the actor was doing a stunt shot in the suburbs where he was supposed to break a glass with a rod, and a piece of glass flew and pierced his wrist.
Rate rallies to resistance at the 1.4250 area and falls back to leave a huge wick. Holds lows so far but a reversal could be in the works if the sort-squeeze is over. Light stops seen on the move over the 1.4100 area as late shorts get squeezed. 
The USD is continuing in two-way action as the majors continue to consolidate off their weekly lows; traders note conditions remain thin and the lack of US fundamentals are keeping some sidelined ahead of the FOMC rate announcement tomorrow. After early gains in the Greenback overnight better-than-expected overseas data helped to hold the GBPO and the EURO higher although both pairs looked for new lows in early New York but reversed losses to close better on the day as early intraday shorts covered back as the day wore on. 
The Sensex continued to trade in the positive terrain on account of continued buying action witnessed across frontline stocks. 
Ace Bollywood actor Hrithik Roshan has hurt his arm while shooting a stunt scene for his upcoming flick ‘Kites.’ 
It is already known that Ranbir Kapoor and Deepika Padukone are facing ups and downs in their love life for quite sometime.
