The defining characteristic of mid-cycle is the withdrawal of monetary policy stimulus. Volatility rises during the period of transition, with equity returns being more modest during this phase, mirroring earnings growth.
Tech View: Nifty charts throw up dark clouds. What traders should do next week
Nifty’s short-term trend seems to have reversed down after a reasonable rise from the lows. Immediate support is placed at 22,300 and the weakness below