Nifty is approaching the crucial resistance level of 24,700, which coincides with the previous downside gap from August 5th. Experts predict this gap will likely be filled soon, opening the door for further upside potential. Keep an eye on 24,700 and 25,000 as the next key targets. Meanwhile, immediate support remains at 24,350.
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Oil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered its oil demand growth