NIFTY: World View!
Incremental moves once again impacted by the cues elsewhere than just simply what happens locally.
In a sort, market slowly absorbing the election process and coming to terms.
Today CPI of importance, FOMC, presser is more important than the action.
From six rate cuts, markets now more or less convinced no rate cut before the September. Projections from FED is another thing that markets will be focussed on.
Apple Joins the AI club and keeps the SPX skewed, hence another NVIDIA moment where the breadth is negative, but the Index is higher and longer.
The PIP graph is the short-term frame, 23180-200 is holding any loss there can push towards the 23050 area. This marks near the 0.236% of the entire rise from the crash bottom, not a big deal in any case.
Bears need move past 22800 to assert their might if any.
IMF World bank keeps the growth rate same and continues to flag as one of the fastest growing economies. Inflation to moderate but still remains elevated.
Support 23230-23200-23180
Supply 23280-23330-23380-23430
In a sort, market slowly absorbing the election process and coming to terms.
Today CPI of importance, FOMC, presser is more important than the action.
From six rate cuts, markets now more or less convinced no rate cut before the September. Projections from FED is another thing that markets will be focussed on.
Apple Joins the AI club and keeps the SPX skewed, hence another NVIDIA moment where the breadth is negative, but the Index is higher and longer.
The PIP graph is the short-term frame, 23180-200 is holding any loss there can push towards the 23050 area. This marks near the 0.236% of the entire rise from the crash bottom, not a big deal in any case.
Bears need move past 22800 to assert their might if any.
IMF World bank keeps the growth rate same and continues to flag as one of the fastest growing economies. Inflation to moderate but still remains elevated.
Support 23230-23200-23180
Supply 23280-23330-23380-23430
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