Over the coming week, any move and sustenance above the current levels are likely to lead to a breakout. The levels of 18000 and 18195 are likely to act as potential resistance points. The supports come in at 17700 and 17580 levels. The coming week is likely to see a trading range that may remain wider than usual. The weekly RSI is 60.58; it has made a 14-period high which is bullish.
Rate cuts unlikely in near term as inflation stays sticky: Richard Harris
Global market expert Richard Harris anticipates minimal changes to U.S. monetary policy, emphasizing the Fed’s independence. He notes that Big Tech’s recent profitability stems more