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IPO Corner
Nifty Daily Analysis
02-05-2024
Nifty rapidly crossed the first resistance of 22651 heading towards the second daily resistance of 22992. It will be a strong one. On a weekly basis, the first resistance is at 23296. Election may play a crucial role but charts are strong as of now. But caution should be applied.
Market Overview
The USA has learned to live with the high-interest rates. If the USA has interest rates around 5-7%, then a growing economy like India should have interest rates around 9-12%. Money flow shouldn't be freely available to capitalists. Sometimes Banks avoid the pain for the short - term. I am of the belief that early pain is good rather than delaying it. Some massive upside in the market is waiting.
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