The TTI Signal of Dollex has gone SHORT…
Is it important? Is it an advance warning of the major crack tomorrow? Probably yes.
Why Dollex is important? See below.
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What is DOLLEX-30
DOLLEX-30 is the dollar version of BSE Sensex, the benchmark index of equity markets in India. Similar to Sensex, the base year for the DOLLEX-30 is fixed as 1978-79 and base value at 100 points. BSE has computed historical index values of DOLLEX-30 since 1979. The scope for DOLLEX-30 emerged from the background of Indian equity markets increasingly getting integrated with global capital markets and the need to assess the market movements in terms of international benchmarks. While Sensex reflects growth in market value of constituent stocks over the base period in rupee terms, the DOLLEX-30 would reflect the changes in both the stock prices as well as currency values. DOLLEX-30 could be found useful by foreign investors to enable them to measure the equity returns in real terms both in respect of domestic and international currencies. DOLLEX-30 is the second dollar denominated index designed by the BSE. In 1994 BSE had launched DOLLEX-200, a dollar version of BSE-200 Index.
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