Nifty reversal??
All time high K baad ek healthily correction Hua ...4hr TF pe pole and flag ka Breakout Hua ....
US CPI Inflation data came lower than expected previously 7.3% And November 7.1% after a heavy gapup profit booking took place
14th Dec next day is FOMC meeting about the rate hike....Mr Powell already made hopes about lowering the rate hike (expecting 0.50 bps) and now even the inflammation data came a good so now they don't have any excuse to unnecessarily increase the rate hikes ....
Elon Musk, Jeff Bezos warned about serious recession if the aggrive rate hike continued
If Mr Powell lowers the rate hike and gives a good commentary market would definitely welcome it
If market gap ups tomorrow we can see Wellington pressure
Nifty next reistance 18700-750 as per option chain ..(Morning star on daily Time frame ) if Dow Jones and European Markets continued to be in green we would soon see new all time highs
US CPI Inflation data came lower than expected previously 7.3% And November 7.1% after a heavy gapup profit booking took place
14th Dec next day is FOMC meeting about the rate hike....Mr Powell already made hopes about lowering the rate hike (expecting 0.50 bps) and now even the inflammation data came a good so now they don't have any excuse to unnecessarily increase the rate hikes ....
Elon Musk, Jeff Bezos warned about serious recession if the aggrive rate hike continued
If Mr Powell lowers the rate hike and gives a good commentary market would definitely welcome it
If market gap ups tomorrow we can see Wellington pressure
Nifty next reistance 18700-750 as per option chain ..(Morning star on daily Time frame ) if Dow Jones and European Markets continued to be in green we would soon see new all time highs
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