As the Fed prepares for a rate cut, concerns about slowing global growth and economic uncertainty are casting a shadow over investor sentiment. Bank Nifty could be under increasing pressure, with heightened volatility and downside risks looming large. With financials often sensitive to interest rate shifts, traders should brace for turbulence, as this policy change could trigger caution, profit-taking, and amplified market reactions. Stay vigilant in navigating these uncertain waters. Wait for the fresh lows to get taken out and then the best opportunity awaits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.