“The support for Nifty has shifted around 17,600 levels. On the other hand, Bank Nifty has support at 40,200 levels while resistance is placed at 41,800. Traders are advised to keep a buy-on-dip approach until there’s any change in data and look for stock-specific opportunities with a positive bias.”
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation