02 Aug ’23 Post Mortem on Nifty & BankNifty + Start of a new TREND today

Nifty Analysis Maybe it was the news that Fitch cut the US rating from AAA to AA+ (news report here) that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for…