Jajoo expects Fed rate cuts in July-August but points out that we are now dealing with a new development on the geopolitical front. Iran and Israel conflict news is coming and that will have impact on the energy prices, which will again impact the global supply chain. Therefore, the central banks will be a little watchful and RBI may cut the rate one or two times after the Fed starts the rate cut process.
Tech View: Nifty forms red candle on daily chart, suggesting weakness. What traders should do on Friday
Nifty opened flat and traded within a narrow range, closing negatively at 24,205, noted Hrishikesh Yedve from Asit C. Mehta Investment Intermediates. He highlighted that
October 31, 2024