US MKT HAS STARTED FACTORING A RECESSION ON FRIDAY I HAD TOLD EVERYONE THAT WATCHOUT FOR ECO DATA INFLATION CAME HIGHER SO FED WILL HAVE TO BE MORE AGGRESSIVE IN AN SCEANARIO WERE JOB DATA WAS BAD AND UNEMPLOYEMENT CLAIMS ROSE
WHAT DOES IT MEAN -it is an indicating of stagflation -were fed is in raising interest rate mode -and were instead of strong economic data -economic indicators are showing reversal -so in short rising rate +fall in employment +fall in growth- stagflation
what about the technical -we had discussed this in prior -if we close below 16380 we will see retest or most likely a breakdown of 15750-15800 zone -if that happens then 15000 is a matter of time
PLEASE READ PREVIOUS POST AND CHANNEL UPDATES ON DAILY BASIS LINK IN THE SIGNATURE BOX BELOW
DXY CHART:-
BANKNIFTY waiting for a test or breakout big trades will be lined up