NIFTY The global equity market will react to the outcome of the US FOMC meeting concluding tonight. While an interest rate cut is expected to boost market sentiment, a rate hike would likely trigger a negative reaction. Further, the US FED Chief Kevin Warsh’s first commentary on its economic forecasts will be crucial for guiding future investor expectations.
The upward movement may lead to 24300 – 24350 resistance range and if the index crosses and sustains above this level then may reach near 24550 – 24600 range.
On the contrary, a downward moment may drag the Index to 23900 – 23850 support range in downward momentum and if this support is broken then index may tank near 23650 – 23600 range.
Trade fechado: objetivo atingido
Open flat and made low near 24055 and made high near 24190 with close near 24170.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
Request for follow on X @rkmaurya_ra
Survey: Help us shape better advisory & learning services forms.gle/KdZGVk727dX4Ummc6
Request for follow on X @rkmaurya_ra
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.