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*nifty breakout above 23410*

Nifty below 23370 selling can come

IT AND BANKS CAN GO GOOD UP TODAY


NIFTY ABOVE 23500 FRESH BREAKOUT

BANKNIFTY ABOVE 50000 BREAKOUT

FED - FEWER CUTS IN 2024 !

1. FOMC left rates on hold at 5.25-5.5%, as expected

2. Signal from the median dot showed only 1 cut in 2024, down from the 3 signaled in March

3. The median dots kept the cumulative amount of cuts across 2024-2026 unchanged at 225 bps

3. Powell used the press conference to diminish the importance of these projections

4. Powell said "most" officials likely did not incorporate today’s softer-than-expected inflation reading in their economic projections & "dots"

5. Powell also mentioned that participants were made aware that they could change their dots after the data, but that "most people don’t"

6. Powell himself saw the inflation data as "progress" toward "building confidence" but still cautioned that it was one report

7. Powell expressed no concern about the possibility that the labor market would be too strong given the recently stronger payrolls reading. He said that not all the labor market data can be easily reconciled

8. In the economic projections, there was no change in the median outlook for GDP growth this year

9. Median core inflation forecast was revised slightly higher for 2024 (to 2.8%)

10. The year-end unemployment rate projection was unrevised at 4.0%

Banknifty above 50000 huge short covering expected guys

BIG RED ALERT MARKET MAY FALL NOW

PROFIT BOOKING WILL COME

TODAY FED POLICY RESULTS

BANKNIFTY W PATTERN BREAKOUT ABOVE 50025 GUYS

Banknifty ready to fall big guys


Below 50000 level

Banknifty BREAKOUT above 50200 guys

Apollo hospital BREAKOUT above 6140