Weekly Note on Market Says Mr. Apurva Sheth, Samco Securities
Weekly Note on Market By Mr. Apurva Sheth, Head of Market Perspectives, Samco Securities.
Expectations of the week
The upcoming week has a host of important events lined up. The three large economies—the US, the UK, and India—will each disclose their inflation rate. As a result, the world's markets will be closely monitoring these numbers and hoping for an improvement. Additionally, the US and UK will be making their interest rate announcements, which will keep the global markets active.
Technical Outlook
Markets are taking a breather after a sharp rally crossing the previous all-time highs last week. The benchmark Nifty could face stiff resistance around the 18,600 mark as there is massive call writing around these strikes in the weekly expiry. On the lower side, 18,300 and 18,000 will act as good support for the markets.
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