Please refer our blog called" tactically cautious" published few days back.
It was witdom who was super bullish on Dollar .We told you that Rupee is weak @ 54 since than it has fallen to level around 57. Watch out for 57.32 if crossed than we stick to our target of 60.
wiTdom was first to say Yen carry trade is overdone since then yen has got stronger till level of 99.5 against dollar and Japanese market has fallen more than 15% .
wiTdom was first to read the minds of US Fed and had warned about QE tapering.
Since then Fed has turn from dovish to hawkish. Fed members are now insisting on slow bond purchase.wiTdom sees unwinding of carry trade .
wiTdom was first to be bearish on Nifty since then Nifty has fallen from high of 6230 to 5880.
wiTdom was first to show growth concerns since then
GDP has fallen to worst level of 4.8%. India
Sell in May and go away worked well for wiTdom because market has substantially corrected and stocks are falling about 40% in single day.
SR Vice President
wiTdom investment advisory.
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