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Expectations for the week
Markets around the globe are expected to respond to the FOMC minutes publishing next week. A close eye will be kept on the Fed 's projections and discussions of inflation and recession. The market will also attempt to interpret the timeline for future rate hikes. Meanwhile, the majority of the Indian companies ' have released their financial results. Margins have been squeezed by unprecedented cost inflation across industries, despite revenue growth. The balance of trade figure, which is set to be declared next week, is another factor that the home market will be observing. The Nifty50 closed the week at 17,698.15, up by 1.73%.

Technical Outlook
The Nifty gained ground in all four trading sessions last week ending higher for four weeks in a row. Thebulls are benefiting from strong medium-term momentum. However, the hourly RSI has tumbled behind the price and is displaying a bearish deviation which indicates that upward momentum may be going to slow in the short term. Short-term traders must liquidate some positions and wait for dips to enter.Immediate resistance is located around 17,800, while 17,600 serves as a decent support.