QUANT SYSTEM TRADE UPDATE - 13.05.22

From the desk of Capt.D.Ganesh Raja

Dear Friends,

For the next two weeks I would be travelling on vacation and also to celebrate my 25th wedding anniversary.

Obviously, I don’t intend to do track markets during this time. I had said that we are in “No trade zone” and I still don’t have a clear signal from system as to which direction to trade. It is better to stand aside when there is no clear direction. There is no compulsion that we always have to take a trade.

GOLD: I have stated enough reasons to hold Gold for the long term though there are short term pains due to Fed rate hike.

USD /INR: Continue to trade as per earlier recommendation.

Rest when I return back from my vacations.