On Friday, RBI announced the rate hike of 50 basis points which is in line with the market expectation as well as RBI told at 6.7% of inflation t there is no chance of a Recession in India which led to an increase of 250 points in nifty and it closed at the price of 17090.
Aftermarket Hours INDIA USD closed around 16950 on Friday, which is 150 points down than the nifty closing.
For this week, If nifty can sustain above 17200, then a high chance of testing the upside dynamic resistance. Whereas below 16600, we can see a new swing low.
What's your view guys ??
