@AlliesFin
Nifty expected to open near flat zone. Nifty may take some more time before breaking out of intermediate resistance zone of 11633-11725.
Bank Nifty may continue to lead the charts today and weekly options expiry may add some fuel to the recovery trade.
US markets had a mixed day yet again on Fed meet.
US Fed left rates unchanged and also indicated to keep them lower for a prolonged period. Fed also highlighted the shift to average inflation targeting regime.
Dow finished just above flat line, Nasdaq gave back some gains and was down by 0.9% , S&P also closed in red but Russell 2000 gained close to 1% as money started to move into small caps.
US 10 year closed flat above 0.68, dollar index near 93.25, Vix moved higher above 26.
Crude futures continued to move higher on supply disruption, WTI moved above 40, Brent above 42.
Traders may focus on large cap banks, metals, autos for the day or short term trading . For medium term investing continue to accumulate mid and small cap stocks.
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By: via @AlliesFin Serve Stock Market
