On daily charts, we can observe that the Nifty is unable to sustain at higher levels. The key hourly moving averages placed in the zone 19,590– 19,640 is acting as a stiff resistance and until the Nifty does not manage to close above this resistance zone we can expect the weakness to continue.
Private Banks, Pharma, IT to thrive in 2025 amidst market volatility: Sumit Bhatnagar
One obviously is the Trump presidency. He is the most unpredictable man and leading a $30 trillion economy, the world’s most powerful country, adds a
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