TGIW Podcast
Update: 2024-09-15
Description
The US Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at its monetary policy meeting on Sept 18 and the pace at which it will reduce borrowing costs in coming months. Short term trend of the Nifty remains bullish. Resistance for the Nifty is now seen at 25527, which is derived from Fibonacci extension levels. On the lower side, 24885 is expected to act as a support for Nifty. The coming week could see the Nifty picking a sustainable trend after the outcome of the US Fed meet.
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