Where could Nifty head today?
The 25,100 level continues to act as a key resistance.
Key Factor to Watch – The Fed
The Federal Reserve begins its two-day September meeting today, with a decision expected tomorrow. After holding rates steady for five consecutive meetings over the past nine months, the Fed is widely expected to deliver a quarter-point rate cut.
Despite pressure from President Trump, the central bank has so far maintained a “wait-and-watch” approach to gauge the impact of higher tariffs on the economy. Recent data — including signs of stress in the jobs market — suggest growth is softening, which strengthens the case for easing.
What do you think the Fed will do with interest rates tomorrow?