.............It is possible to follow some simple rules. If both the US and Japan are up, India will open strong. If both are down, India will open weak. If one of those key markets is up and the other is down, the US is likely to be more influential. When the European markets open in mid-session IST, there could be a change in trend. On days when nothing much happens in the US or Japan, the Indian markets are also likely to range-trade. This pattern of correlation has held for the most part. The exceptional days have involved one of three things. There has been a policy review by the Reserve Bank of India. Or, some specific GDP-related Indian data has been released. Or, some local scam or another has highlighted political instability............
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