Definitely the view has been very cautious to negative on the Nifty front. From the last few trading sessions, we are witnessing a gap down opening and on every resistance levels we are witnessing a selling pressure. It is a roller coaster ride for the Nifty and the Bank Nifty as well.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend