The market was also cautious in the run-up to the December US consumer inflation data scheduled on January 11, after the country’s jobs data for the month turned out to be stronger than expected. These economic readings could be some of the key factors determining the US Federal Reserve’s upcoming monetary policy actions.
Tech View: Nifty forms Doji candle but crosses 200-DMA? What traders should do on Monday
Nifty crossed the 200-Day Simple Moving Average (23,860) but couldn’t sustain, forming a Doji candle on the daily chart. The weekly chart shows an inside