Federal Reserve’s decisions, especially on interest rates, have a profound impact on global markets, including India. Chair Jerome Powell, could chalk out a future trajectory, without any rate cuts this year, or bring it down from the three rate cuts the other Fed officials were projecting. Young retail Indian investors can mistakenly treat these macroeconomic developments lightly, believing instead that it won’t have an impact on the Indian markets. But that would be a costly blunder.
Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday
The index manages to hold above 20 and 50-day SMA — a positive signal. An analysis of Nifty put options reveals a concentration of Open
May 21, 2024