The Nifty reclaimed 17,900 in intraday trade on Tuesday but failed to hold on to the momentum and closed just above 17,800, which resulted in a small-bodied candle on the daily charts.Experts advise caution ahead of the Fed’s 2-day meeting starting today. The Street is expecting a rate hike of about 75 bps, but a jumbo 100 bps hike or a hawkish stance could lead to a knee-jerk reaction, they say.
Nifty faces stiff resistance near 25,100; sector rotation is key
Markets remain cautious below the 25100 resistance, vulnerable to corrections and volatility. Sector rotation, profit protection, and modest leverage are key amid shifting momentum across