FED meeting minutes update
"In discussing the policy outlook, participants viewed the policy rate as likely at or near its peak for this tightening cycle, though they noted that the actual policy path will depend on how the economy evolves," the meeting minutes said.
Rate hike done - near peak
Rate cuts possible in 2024
All decisions will be based on how the economy does going ahead
Master the art of making profit with
bank nifty options using our tips which just require 10k capital to get started and requires your just 1 hour in the morning.
Bank Nifty Spot View: 04/01/2024
CMP: 47704.95
Moving AVG (EMA) 20 Hour & 40 Hour: 47725 & 47835
Moving AVG (EMA) 20 Day & 40 Day: 47898 & 47378
Support & Downside Range: 47480--47400--46900
Resistance & Upside Range: 48090—48450--48650
Short Term Trend Reversal Level: -- 48650
Trading View: In yesterday's trading session we saw bank nifty cam downside till 47480 and manage to hold the support of 47400, now in today's trading session key level to watch is 47480—47400 support levels after opening if this support manage to hold then we may immediate see upside move towards minimum 48090 and max 48200-48450 levels whereas if 47480—47400 manage to break and then bank nifty can fall downside till minimum 46900 levels so understand the importance of 47480—47400 support intraday basis and act accordingly.