Sneha Seth from Angel One suggests a positive outlook for Nifty and Bank Nifty, advising long positions with a Nifty stop loss at 24,500. PSU banks are performing well, with potential consolidation. Seth recommends buying Federal Bank, targeting 214 with a stop loss at 202, and UPL, targeting 657 with a stop loss at 621.
Wall Street Week Ahead: Inflation in focus for markets jostled by Middle East war signals
Upcoming inflation data and initial company earnings will reveal the Middle East war’s impact on the U.S. economy and corporations. Investors are closely watching oil