USA statement that it might be heading to recession may not go down well with the market and thus one need to be cautious in first 45 min of market and let it settle.
Fed minutes suggest US economy may enter recession in late 2023 due to banking crisis
Federal Reserve minutes suggest US economy may enter recession in late 2023 due to banking crisis.
The minutes indicate that the banking crisis is likely to cause a sharp decline in economic activity.
IT stocks will be under pressure and it appears market has not liked TCS result as Infosys ADR are trading down.
Check our bank nifty option tips now and start making daily profit.
Long trades are becoming too easy. Thus is a bad omen. Markets have the tendency to surprise us and also risk reward is also not in favor of fresh trading longs. It's time to book some profits and wait for a decent dip. Charts are not at all comfortable with fresh buying. With a decent dip, we mean a dip of atleast 300/400 points on the Nifty.
Nifty. Support is placed at 17660 and resistance at 17830
BankNifty. Support is placed at 41200 and resistance at 41800.
There is a lot of divergence on Index charts in multiple times frames. It is not a good sign at all. At some point, either today or next week, the above mentioned dip should come.
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