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This week, investors will be eyeing key events such as India's Consumer Inflation (CPI), balance of trade, bank loan growth, and deposit growth, along with Fed Interest Rate, and Initial Jobless Claims in the US that will keep the markets buzzing
Market participants will eye a slew of factors like retail inflation figures, manufacturing data, new listings, global central banks interest rate decisions this week
“Going forward, 21000 is likely to act as a crucial level for the Nifty as call writers have built their maximum positions at that strike price. A resumption of the current uptrend might be seen above 21000, with the potential to reach 21550.”
In the international market, gold prices rose amid a slip in the dollar index below the 104 mark. On Comex, Gold futures were trading at $2,048.60 per troy ounce, up by $2.20 or 0.11% while Silver futures were trading at $24.170, higher by $0.111 or 0.460%.
The Nifty reached a new all-time high as the RBI Governor announced the monetary policy, surpassing the 21,000 mark, says Rupak De, Senior Technical analyst at LKP Securities.The RBI Governor maintained the key lending rates at 6.50 per cent, a ...