“It is marginally away from its subsequent target of 17,500, which is 78.6 per cent retracement of the April-June decline. Once that is tested then the Nifty50 is expected to step into a short term consolidation mode,” Ratnaparkhi said.For the day, the index closed at 17,388.15, up 42.70 points or 0.25 per cent.
US stocks end higher on Nvidia, trade talks hopes
Wall Street saw gains on Tuesday. Nvidia and other chip companies helped boost the market. Investors are watching for possible trade talks between the U.S.