Hrishikesh Yedve of Asit C. Mehta Investment Intermediates suggested that as long as Nifty stays above 22,980, a short-term pullback towards 23,300-23,400 is possible. However, falling below 22,980 could trigger weakness towards 22,800. The 250-DSMA at 23,600 is a key resistance level. He advised adopting a sell-on-rise strategy for the index.
Wall Street slips with mixed data and earnings ahead of Fed week
The housing market data was hotter than expected, while an S&P Global survey showed business activity slowing to a nine-month low in January as prices
January 25, 2025