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"Strong support zone is seen around 10030 levels. We are expecting Nifty to trade within a range of 10030-10170 levels ahead of FOMC Meeting due later on Wednesday," says Rajesh Agarwal of AUM Capital.Benchmark indices closed higher on Tuesday, breaking a five-day losing streak led by IT and healthcare stocks. Gains were capped as banking stocks declined after CBI filed a charge sheet against a slew of former senior officials of Canara Bank. Moreover, the US Federal Reserve is expected to raise interest rates on Wednesday with new chairman Jerome Powell giving his first press conference.In the global markets, Asian shares fell on Tuesday as investors dumped high-flying US technology shares on fears of stiffer regulation as Facebook came
under fire following reports it allowed improper access to user data.
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