Upstox·4 min read·hard

Trade setup for July 29: Can NIFTY50 bounce back above 24,000 on Wednesday?

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Upstox
Trade setup for July 29: Can NIFTY50 bounce back above 24,000 on Wednesday?
AI Summary

Global markets are experiencing volatility as tech stocks decline and geopolitical tensions in the Middle East drive up crude oil prices. Despite this, NIFTY50 futures suggest a potential positive opening for the Indian market.

Asian markets remained under pressure on Wednesday morning as tech stocks extended their decline. The Korean KOSPI plunged 5% to a three-month low, while Japan's Nikkei tumbled over 850 points or 1.3%, dragged down by a selloff in technology shares.

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