US Fed meeting outcome today: How will it impact the Indian stock market?
According to experts, a hawkish commentary by Federal Reserve can have a negative impact on the Indian markets.
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According to experts, a hawkish commentary by Federal Reserve can have a negative impact on the Indian markets.
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The sentiment appears positive as long as it holds above 22,300. At the higher end, the Nifty might move towards 22,800-23,000 in May, said market experts.
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For the short term, 22,620-22,630 will act as resistance for the Nifty. If the index sustains above 22,630, Nifty could attempt to break its all-time high of 22,776, says Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta.