A bearish engulfing candle on the daily time frame is showing some negative mood in the market but it is taking support from 19630 levels.
Not a single green candle is formed on the hourly charts and market fell around 200+ points from the day high, closing 120 points lower or 0.6%.
On the hourly charts, market is trading around the 20 ema and has again closed...
On Friday a 50 bps increase in the repo rate this week, the fourth consecutive rise since May 2022. This takes the repo rate to 5.90 percent – the highest level since April 2019 – from 5.40 percent.
Nifty moved upward and closed +270 points in positive near to its 17100 the resistance level of 17200 is the upcoming Target from Nifty. Although it tried to...