Just watch Crucial Levels amid Fed rate hike news and 5 states Election results
U.S. stocks fell under pressure on Wednesday after the Federal Reserve released minutes of its April meeting showing the central bank is ready to lift interest rates in June if the economy show improvement. Although Dow Jones nosedived more than 200 points from higher levels after this news and closed flat but most Asian markets traded more than 0.50% negative today morning.
As Dow's Futures also traded more than more than 40 points down today therefore falling fear being developed in all the Global markets and Indian markets will also react it through negative zone trading today.
Indian markets will finally react today both Fed rate hike news and 5 states Election results and may remain highly volatile also today but final reaction of both news will be seen tomorrow after understanding and digesting these news. Certainly news led uncertainty today therefore firstly watch valid break out of following levels to understand Nifty next trend after reaction of these news:-
1-7811-7940(first indication)
2-7678-7992(final confirmation)