Quote on Market 24th Sept by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Market 24th Sept by Mr. Vikram Kasat, Head - Advisory, PL Capital
“Jerome Powell's remarks on valuations triggered a fall from the sessions' highs for the Dow. However, the Fed Chair was quick to add that it is not the Fed's mandate to determine what the right stock prices or valuations should be.
Nifty 25169.50
There is a tug of war between the bulls and the bears. Nifty is trading below the key hourly averages. Yesterday high of 25262 and low of 25084, will be important levels to watch out for. A decisive break from this range can give us some clarity on the trend. The overall setup suggests that the Nifty should break the range on the upside. However, we shall wait for the confirmation.”
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