MARKET UPDATE

This evening, we have a significant market-moving event — the FOMC rate
decision.
U.S. markets have been quiet and sideways lately, and today’s announcement should
finally bring movement. The medium-term structure in the U.S. remains bullish,
though short-term volatility across asset classes is likely.
Coming to Nifty, our stance remains the same: the medium-term trend is strong.
However, in the short term, the index still lacks momentum as long as the spot stays
below 26040. A healthy pullback remains possible toward 25650 and 25350. Position
accordingly.
On the time-cycle front, tomorrow marks a critical date. The market’s reaction
post-FOMC will shape our next steps.
Once this event concludes, we will also begin focusing on selective stock
opportunities with better clarity.