NIFTY in medium Term looking Solid.

12 בנוב׳ 2022

Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian Rupee.

All these events can lead the market further up in the coming weeks.

Long Term Target for NIFTY now is 19534.
Important Resistances: 18351 and 18604.
Important Supports: 18099 and 17872.