Markets are trading at critical levels with both resistance and support zones clearly defined. Analysts Bharat Sharma and Dipak Takodara highlight 24,800 and 24,350 as key pivot levels for Nifty in the near term.
A fund manager expects huge amounts of investment funds and the fear of missing out to bring new buyers, especially if progress continues on the tariff front and the inflation impact is less than feared.
Dormify filed for Chapter 11 bankruptcy protection in November 2024 and is currently locked in a legal dispute with its creditors, including Google and Williams-Sonoma.
Stocks managed to rally again, and because of the speed of the rally over the last two days, it took the Nasdaq 100 into an overbought position, with the index crossing above the upper Bollinger Band and the RSI rising to 70.
The company said it overspent on promotions last quarter and is taking an estimated $75 million charge tied to a write-down of its spring and summer collection.
On Tuesday, investor and economist Peter Schiff highlighted U.S. 10-Year Treasury yields climbing back to 4.5% in a post on X, despite the "trade truce" with China early this week, while the U.S. dollar "resumes its broad-based decline."
The USD/CAD pair weakens to near 1.3925 during the early Asian session on Wednesday. The US Dollar (USD) edges lower against the Canadian Dollar (CAD) after inflation data came in below market expectations.
