From a technical standpoint, the previous week has created a gap. In the process, the index has shifted its support zones higher in the range of 20,450-20,550 levels from 20,000. The Nifty has also closed above its upper Bollinger band. Even if there is a temporary pullback inside the band, the markets may further their uptrend even with the possibilities of some consolidation at current levels.
US dollar makes weekly gains on renewed trade deal optimism
The dollar is poised for a weekly gain against major currencies amid optimism surrounding potential U.S.-China trade talks, fueled by a recent U.S.-UK trade agreement.