Saturday, November 23
A small bullish candle was formed on the daily chart with a long upper shadow. Technically, this pattern indicates an inability of bulls to sustain the upside bounce. Though the market declined in the last couple of sessions, the sharp downside momentum was absent. This market action could bring some hope for bulls to make a comeback from the lows.The underlying trend of Nifty remains choppy with weak bias. The market is moving in a broader high low range of 24,600-23,800 levels. Having declined from the upper range recently, Nifty is expected to witness an upside bounce from near the lower range of 23,800 levels in the short term. Immediate resistance to be watched around 24,300, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was obs
India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United States, says a research report by State Bank of India.The report highlighted that under his first term Trump 1.0, the Trump administration made sweeping regulatory changes aimed at attracting investments back to the U.S., which impacted FDI inflows globally including India.It added that if similar policies are reintroduced in Trump 2.0 also, it could create challenges for emerging markets like India, which rely on FDI as a significant driver of economic growth."India may see shifts in foreign direct investments (FDIs) during Trump 2.0. Trump 1.0 administration saw significant regulatory changes aimed at attracting investments back to the US" the report
