Nifty Consolidating like a Diamond. Compressed Coal becomes diamond. Nifty looks like that compressed diamond right now. With upcoming rate hikes by US Fed and possibly RBI there is chance of further compression. But once this cycle of rate hike is done with, once the inflation is under control. The diamond will definitely shine and glitter and make the investors smile.
Nifty Supports are: 17325, 17255, 16956 and finally 16744.
Nifty Resistance are: 17452, 17582, 17785 and finally 18267.
