Nifty and Crude Correlation
Nifty and Crude Correlation
Nifty opened gap down today and made low of 25720 on charts
Sentiments are still negative.
Iran has replied to peace talk and made 10 demands to US which US may or may not agree.
Prima facia it seems US may not agree as if all conditions are then this will mean defeat of US.
Crude is not cooling off, and we can take this as one of consideration to conclude where the war is going.
If crude falls below 100$ then only we can say some positive outcome is about to come.
Crude shall be the first indicator of anu upcoming positive indication.
Nifty support 22550-22600
Still, we are in sell on rise till the war stops
Sector in focus shall be Oil and Gas
Stock on radar