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Stay: Which manner will Nifty swing as Fed takes centre stage? Extra ache for smallcaps? | Opening Bell

After the current sharp decline, the market is predicted to stay rangebound with destructive bias within the coming classes too. In truth, the vary has been narrowed with help, to this point, remaining at 21,900, which means that if the Nifty decisively breaks the help, the promoting strain might get intensified as much as 21,500. On the upper facet, in case of rebound, hurdle could also be seen at 22,200, specialists mentioned. On March 15, the Sensex was down 454 factors at 72,643, whereas the Nifty fell 123 factors to 22,023. For the week the Nifty noticed a reduce of two%, its worst week since October 2023, whereas Nifty mid and smallcap indices shed over 5% every, clocking their worst weekly fall since December 2022. This week the main focus will likely be on US Fed because it gives insights into its price trajectory for the yr. Whereas a pause might have already been factored in, traders will be careful for clues as as to if the central financial institution will reduce charges in June. Amongst shares in focus at the moment will likely be Zomato, Lupin and Railtel. Catch Nandita Khemka in dialog with Ajay Srivastav, MD, Dimensions Company Finance Companies and Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Fairness Analysis.