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	Podcast:		Stock Market Updates
	Episode:		TGIW Podcast
	Category:		Business
	Duration:		00:09:02
	Publish Date:		2024-08-10 17:06:03
	Description:		Nifty logged a second consecutive week of losses on the back of negative cues including unwinding of yen's carry trade, US recession fears along with the RBI governor's hawkish commentary. Nifty fell 1.42% over the week; however, it made a bullish hammer like pattern on weekly charts though with a downgap. On daily charts, Nifty made a small bullish doji like pattern rising above the highs of the previous 4 sessions. It managed to enter the downgap area of 24383-24687. It can now rise towards the 24582-24687 band. 24080 could be a support in the near term. The coming week will bring CPI numbers from US on Wednesday and from India on Monday and the balance corporate earnings in the US and India.
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