A subdued to weak opening could be seen amid mixed trend in Asian indices and sluggishness in US equities. RBI Governor Shaktikanta Das’ hawkish tone raised bets that the MPC monetary policy will remain restrictive for longer. Amidst this backdrop, the technical landscape has again tilted in favor of bears but that said confirmation of weakness only below the 21557 mark and below the same the downside risk is seen at 21157. Nifty’s major hurdles continue to be at its all-time-high at 22127 mark.
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