Strong support is placed at 23,300 which we expect to hold as it is the confluence of 61.80% retracement of the June-September rally (21,281-26,277) coinciding with the 52-week EMA at 23,350. Buying on dips in quality stocks would be the prudent strategy.
Oil falls as economic jitters dampen demand outlook
Crude oil prices experienced a decline in early Asian trading due to investor concerns about demand growth amid the ongoing U.S.-China trade war. Economists fear