Nifty50 on Wednesday fell for the fourth straight day. This formed a small bearish candle on the daily chart, with a long upper wick, reflecting selling at highs. Analysts said the index has been respecting its support of 15,671 on a closing basis and as long as it keeps respecting that, chances of some bounce cannot be ruled out. They see support shifting to 15,400-300 levels, if the level is breached.
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Wall Street opens higher ahead of Fed’s rate decision
Wall Street’s main indexes opened higher on Wednesday, boosted by gains in beaten-down growth and bank stocks, with investors waiting to see how high the Federal Reserve would raise interest rates to quell inflation at its policy meeting.
- The Dow Jones Industrial Average rose 205.67 points, or 0.68%, at the open to 30,570.50.
- The S&P 500 opened higher by 28.57 points, or 0.76%, at 3,764.05, while the Nasdaq Composite gained…