Brazil is in the news for all the wrong reason. The International Monetary Fund forecasts Brazil's economy will shrink by 3.5 percent this year, following a 3.8 percent contraction in 2015. There is real crisis of confidence in the Govt there and millions of people are out in the streets demonstrating against the Govt.
Here's one YouTube video I made on the Brazil story 6 months back. It's still very relevant. Watch it - if you haven't already
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Read Indian Market Observations::
March 17: Bhaiya ye deewar toottee kyu nahin
March 16: The Resistance intact, DIIs continue to Sell but action is Bullish
March 15: Bulls retreat after failing to take out 7540-7600 resistance
March 14: The Struggle with Resistance continues
March 10: Market encounters its first significant roadblock
March 09: Reading of Indian Market
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers