In past 2 days we have added some new methods of posting charts of Nifty50’s on X platform. You can follow me on @Falcon_trader_1 on X.
During live market I try to add some charts of Nifty50 for learning and understanding purpose.
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.8% on a yearly basis in February from 3% in January, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 2.9%. On a monthly basis, the CPI rose 0.2% following the 0.5% increase recorded in January.
The CPI data is relatively satisfactory, but U.S. markets are concluding wave 3 downward. A rebound in wave 4 is expected, which will eventually lead to a decline in wave 5. Consequently, the FOMC meeting will not include a rate cut scheduled for March 19th, 2025.
During this time, we are in Wave 5 of Nifty downwards, Nifty is moving slightly faster here, and I can see there is possible downward move pending.
Nifty50 March 13th 2025 view:
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