NIFTYBANK: Come September
Delusion of data, ranging from China to US, all softer tone than expected.
Consumption falls or demand destruction one has to wait and see.
For now, yield soften, Dollar breaks the crucial support, focus shifts from Political Scenario elsewhere to US.
Most of the Economists sing now "Come September" for first FED rate cut. Finally, the much-awaited cut appears in and most likely one would see that.
Even Powell sounded that in terms of inflation being 2%, pendulum shifting from moderating any chances of hike to moderating the cut and if and when.
Crude prices jump on inventory and on 233 DMA support.
For us our own budget is in and thus remains the focus to the market. This index is not in any way looking to give way down and hence focus remains to see from where it is going to rise.
Supports 52300-52150-51950-51750
Supply 52600-52800-52950-53150
Consumption falls or demand destruction one has to wait and see.
For now, yield soften, Dollar breaks the crucial support, focus shifts from Political Scenario elsewhere to US.
Most of the Economists sing now "Come September" for first FED rate cut. Finally, the much-awaited cut appears in and most likely one would see that.
Even Powell sounded that in terms of inflation being 2%, pendulum shifting from moderating any chances of hike to moderating the cut and if and when.
Crude prices jump on inventory and on 233 DMA support.
For us our own budget is in and thus remains the focus to the market. This index is not in any way looking to give way down and hence focus remains to see from where it is going to rise.
Supports 52300-52150-51950-51750
Supply 52600-52800-52950-53150
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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