India's CPI inflation rate hits an 11-month low, while Nifty bulls ride the anticipation of rate cuts towards its all-time high. Despite this apparent climb, increased volatility lurks beneath the surface, signaled by the India VIX breaching the 20 level. Investors await Fed Chair Powell's speech and key US inflation data, while technical analysis suggests bullish momentum with the 'Bullish Hammer' candlestick pattern. Corporate earnings flood in, with notable reports from Zomato, DLF, and Jindal Steel, alongside surging copper prices. Trade recommendations favour buying Nifty and Bank Nifty at current market prices, with a top stock pick on AUROBINDO PHARMA MAY FUTURES, driven by momentum.
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