Market Update
Harsh Patel
Founder
Nifty climbs 160+ points to 2600 from opening level of 25840(-40), after making intraday low of 25860 from 26030 level on Tuesday amid Russia-Ukraine peace deal.
Global market cheer Ukraine agreeing to peace deal with Russia, while this set tone for positive global macros, Rupee opens lower at 89.25 as FPI/FII outflows remain negative.
A move above 26000-26050, may take market higher to 26500 levels marking a technical reversal from correction, support seen at 25850, and 25780 50% retracement level for recent up move.
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