![]() ![]() Monthly MACD continues to trend downward along with a negative crossover. The momentum indicator 14-day RSI is trending downward and is near 60. Due to global uncertainty, Nifty50 once again failed to close above 18,000 levels. The RBI also hiked the repo rate by 50bps on September 30. Dollar, and Russia’s partial military mobilization in Ukraine kept traders and investors busy. Federal Reserve, the Rupee falling to a record low of INR 82.20 against the U.S. ![]() Higher than expected inflation rate in the U.S., 75bps rate hike by the U.S. The last month witnessed key economic events. The index fell around 3.74% last month and formed a bearish candle with a lower-low and lower-high price formation on the monthly chart. ![]() The Indian benchmark index and other sectors moved almost as expected and mentioned in our previous month’s webinars, as well as in the various reports published in the past months. ![]()
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