Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
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Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
The long-awaited Fed pivot has finally materialized, resulting in a 50 basis point cut—marking the first reduction of this rate cut cycle. The Nifty 50 index is likely to trade sideways for now. Fresh long positions in the Nifty 50 can be considered only if the index surpasses today’s high of 25,611, with a target set at 25,850. Meanwhile, we anticipate the Bank Nifty to continue its outperformance relative to the Nifty, aiming for the 53,000 level, with 52,000 expected to act as a key support level.
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