Powerful Bears?

NSE:NIFTY   Nifty 50 Index
Nifty resistance 17800 according to fibonacti tool for the supports come up at 17670 and 17600

• India's CPI Inflation Data "India's retail inflation britches RBI tolerance limit in January accelerates to 6.52%"

• Tomorrow's market might be a bearish market again or kind of sideways because of today's adani's report published by bloomber it says Adani group might cut its revenue up to 50% and limit its capital expenditure and focus more on companies financial health (repairing the debt and unpledging the pledged shares)

• Important countries and regions such as US UK and European countries are yet to come with the inflation datas

• Currently the market is completely driven by the news and specially by the Adani stocks as a d uninstalls affects the banking sector and financial services which affects the nifty as it has more contribution in the index

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