Exim bank said that the rise in exports during the second quarter of FY23 could be shadowed by softening global commodity prices. Slowdown in major trade partners, inflationary pressures and tight monetary policies around the world could also offset the exports gain, as per the Exim Bank data.
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