Japanese stocks declined by over 1% and bond yields rose in anticipation of the Bank of Japan’s interest rate decision. Meanwhile, tech stocks experienced a downturn, and Nvidia’s market value plummeted. Oil prices increased following a report on US crude stockpile drawdowns. Market watchers also looked ahead to potential Fed rate cuts predicted by Goldman Sachs for later this year.
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target,