Nifty Spot View: 02/02/2023
Cmp: 17616.30
Support & Downside Range: 17485—17353—17300--17150
Resistance & Upside Range: 17678—17765--17975
Short Term Trend Reversal Level: -- 18265
Trading View: In today's expiry day trading session key level to watch is 17485 spot levels if this level gets hold then we may see immediate upside move towards 17765—17975 spot levels whereas if 17485 gets break then we may again see selling pressure to build in market which may lead nifty again towards 17353—17300 spot levels which is crucial and big support zone if this support zone gets break then as such no major support till 17150 spot levels.
Caution
Simply stay away from Adanis for a few weeks. It's not sensible yo catch a falling knife. Let the drama end and then quality stocks should be looked at.
Make money using our Nifty option tip on a daily basis.
Fed hikes rates by 25 basis point it's smallest rate hike since March 22;
Fed says will continue to hike rates for the foreseeable future.
Powell has repeatedly said the central bank won't consider rate cuts until the committee is "confident" that inflation is moving toward its 2% target.
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