Nifty and banknifty both are forming lower low
Market is in channel with weakness in selling
I would suggest to keep your targets small while in this zone
Gold is still in no trading zone
Btc is recovering after yesterdays fall
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4H breakout of falling wedge
Gold is in imp liquidity zone don’t miss this.
Plan a long on “pullback”
My feeling is it will hunt sl of buyers who are buying now and then sharly go up.
Keep a eye 👁️
Market is in range and as of now looks sideways
First half was completely sideways so lets see if we can see some spikes in closing hour
Gold has given a big breakout but buying is still slow can be a trap
BTC also gave a breakout and went sideways have to be cautious here too
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EUR/USD making falling wedge.
If takes support from bottom trendline and makes higher high can plan a long
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Market made a head and shoulders and gave a breakdown.
First half was trending market is forming a lower low
Finnifty is consolidating nicely we can see a good move today in finnifty
Plan for lower low means bearish side
Gold is completely sideways after breakout lets wait for opportunity
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This is just a show cause notice.
Basically Exchanges to be present infront of officials and have discussion around it.
Main concern of Government is as this exchanges are based outside India they dont have to comply with Indian rules. Resulting in Tax evasion and all the illegal activities.
Government wants them to register in india get the license so govt could access all the data of users and tax them and keep monitor of transactions just like they do to Indian Banks.
Should you be worried?
No because this is good step for development of country. And these are central exchanges which have to follow the govt rules.
You can use decentralised exchange. Ex. Metamask trust wallet or hardware wallet to keep your funds and transactions private.
Nothing can be banned overnight this is financial field. Millions of dollars livelihoods are involved if they want to take any action they will serve a notice where you can withdraw your funds if there is any non compliance.