9 | Follower
The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA. Minor upside bounce is to be expected from the supports, but the said bounce could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.
"The largest emerging market which is China, is having a very poor year. And so out with China, we have seen a little bit of strength in some of the largecap tech stocks in Taiwan and Korea. India has proved to be a bit more resilient. But it is not a strong environment for emerging markets and because China is doing poorly, when I speak to emerging market fund managers, they are trying hard not to have redemptions."
A diplomatic crisis bogging down Ottawa and New Delhi highlights Canada's lack of "seriousness" on national security as foreign countries interfere on the North American nation's soil, according to several experts. National security expert and former senior Canadian intelligence official Michel Juneau-Katsuya believes that Canada now finds itself "at a crossroads."
The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range