Nifty had an enviable run last week, having thwarted multiple attempts by bears and recovering in breathtaking fashion. This run has taken us to the 21K summit, but incidentally, buyers were seen withdrawing post testing this psychological mark. This leads us to suspect that bears have regrouped enough to make a serious dent in the 19,850/800 region, and should it give away, a quick drop to 20,640/560 would be the first outcome
US stock futures jump, dollar gains on tariff ruling
American stock futures saw a rise. The dollar’s value increased after a US court blocked Donald Trump’s global tariffs. The court considered the tariffs illegal.
May 29, 2025