The short-term trend of Nifty seems to have reversed on the upside and the sustainability of this upside bounce could be crucial to call this an important bottom reversal. Nifty is likely to move up further towards the next overhead resistance of around 19,230 levels. Any weakness from here could find support around 18,850 levels, said Nagaraj Shetti of HDFC Securities.
10-year US Treasury yields surges over 5.05% to 19-year high
The 10-year US Treasury yield climbed to 5.058%, its highest level since July 2007, as fresh services and manufacturing data raised concerns about further Federal