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Elon Musk urged the U.S. to eliminate entire federal agencies to streamline the government and reduce spending under President Trump. At the World Governments Summit, he emphasized a need for re-prioritizing American power, compared to previous interventions abroad. Musk also discussed the potential dangers of artificial intelligence and announced a proposed underground transit network in Dubai.
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Tech view: Nifty formed a small red candle with a long upper shadow on the daily chart, signalling selling pressure at higher levels. The 21-Day Simple Moving Average (DSMA) at 23,270 creates a resistance zone between 23,270-23,300, while 22,780 serves as key support. Holding above 22,780, a buy-on-dips strategy remains favourable, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
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The Japanese car making giants aimed to combine their businesses to compete against Chinese rivals.
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