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Asian stocks got off to a shaky positive start on Thursday after the US Federal Reserve flagged delays to interest rate cuts but downplayed the prospect of further interest-rate hikes.
Nifty erased all the intraday gains in the last hour of trade and ended in the negative zone in a highly volatile session on April 30. At close, The Nifty was down 0.17% or 38.6 points at 22604.9. Nifty formed a higher top and could form a higher bottom in the short term. On monthly charts, Nifty gained 1.24% for the month of April. Nifty could now face resistance at 22783 while 22447 could offer support in the near term. |
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