As per the current technical setup, any sustainable directional move will occur only if Nifty moves past 17,700 levels or slips below 17,100 on a closing basis. A directional bias would be established only if Nifty moves past 17,700 or slips below 17,100 levels. Unless that happens, we will see the market oscillating back and forth in a defined range.
Markets bracing for tariff-driven price surge: Santosh Rao
Inflation is gradually creeping into the market as prices of imported goods, especially consumer products, have increased. Companies initially absorbed costs due to front-loaded purchases
July 16, 2025