Political events not withstanding, the scare of a coup in Russia seems to be over though inflationary reactions may remain. It appears that Russia Coup was Staged through Wagner group to find the people who are against him and take money from USA which can be as high as $ 5 Billion which USA has stated that they gave it erroneously in Ukraine War above the approved limit. Wagner group went back without fighting to Belarus.
The overall markets are in retracement mode with numerous supports coming in. It happens when the upmove was a tiring move.
Our bias is on the upside for the week with clear support at 18650.
Nifty. Support is placed at 18650 and resistance at 18770
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BankNifty. 43830 is the pivot for the week. Any move above it should give 200 points. Support is placed at 43400 and resistance at 44070
