NIFTY is having strong support at 15743
President Joe Biden said Monday he does not expect the United States suffer an economic downturn, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter
Citing strong employment figures, the president said he hoped instead for a soft landing where "we go from this rapid growth to steady growth."
The economy, meanwhile, is bracing for the Federal Reserve to make its next move to fight inflation on Wednesday, likely by increasing interest rates by another three-quarters of a percentage point in an effort to slow demand
Fed Chair Jerome Powell has said it is "essential" to lower inflation, but stressed that the goal is to achieve that without derailing the US economy.
Major event waiting on Aug 4 for RBI Interest rate decision
India has 0 possibility for entering into recession, were other countries has possibilities for entering into recession. Can expect more inflows in india .Investing in india is safe journey following index NIFTY at stoploss 15743 (Which acts as crucial levels)