Display of Nifty Technology: Slides under 15,670 can continue sales pressure on the market
Nifty remained under the pressure of selling because it slipped under the 16,000 sign in morning trading.

However, at the lower end, he found support for the historical swing that was made in early March, which led to recovery in the second round.

Daily RSI is in a bearish crossover and falls. The remaining trend of bearish; A decline below 15,670 can continue sales pressure in the market.

At a higher end, resistance is seen at 16,000/16,200.

Display by Rupak De, Senior Technical Analyst on LKP Securities

Closing view: As May Inflation causes fears of more aggressive increase in interest rates
The weak global sign in front of the Fed met the benchmark index painted here in the red sea while waiting for CPI data on the day when Rupee reached the lowest point.

Risk off mode in equity globally after US inflation mold increases the concern of aggressive interest rates and dollar indexes in 104 seems very heavy in the midst of FII sales without stopping even though local redemption in May entered the two lowest years.

View by S Ranganathan, Head of Research in LKP Securities

Market view: future volatility is likely but the right time to tidy up good quality stock
The highest number of inflation announced in the US on Friday has created a large selling action in the global equity market.

The market hopes that Fed will become more aggressive to tame rooted inflation; This will lead to a very large outflow of FII and FPI money and further depreciation of INR.

Autumn today is not new; This is only an examination of reality because most of the stock prices have moved far from their fundamentals or intrinsic values.

The market often needs a trigger event to comply with universal law from the average return and the Russian-Ukraine war this time.

We recommend investors to see the big picture, it is true that inflation will remain temporarily and affect the benefits of Indian companies, but in the medium to long term, there are many companies with good fundamentals, strong finances, and competitive profits that will perform well.

Furthermore, India is better placed than its colleagues in connection with the growth and ability to fight inflation today.

Thus, the timeless when the best is the best to tidy up such quality shares and investors can use the buying strategy at DIPS, however, in the near future, the market will be stable.

View by Santosh Meena, Head of Research, Swastika Investmart