The message is clear. High-interest rates and more rate hikes will come. In this scenario, it's imperative that market volatility will continue in the medium term. These events will keep the markets on tenterhooks at higher levels and will create an atmosphere of caution. Having said that, the trend is bullish and hence we need to tread carefully.
Nifty. The range is 17850 to 18200. This need to break for a decent move. Support for the day is placed at 17900 and resistance at 18185.
BankNifty. This index is the key. Let's seeif we are able to break this range of 41000 to 41600.
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