Commenting on the market, Amar Ambani, Head of Research, IIFL, says, “Looking at declining trend in the wholesale price inflation, we feel that the probabilities of a rate cut have amplified. Speaking about the current market situation, technically also, Nifty is poised to make a dash towards the 8100 mark as the index has breached the neckline of an inverted bullish head and shoulder pattern indicating that the markets would surge higher.”
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