Volatile Market was told in following lines in Mid-session Outlook today before RBI Credit Policy today and voltality is clear in following today intraday chart of after credit policy:-
Volatile moves may be seen after credit policy announcement therefore cautious approach is required and sustaing beyond 5095-5130 will be next moves confirmation after credit policy announcement at 12:00 noon today.
Nifty could not sustained above 5120 and also moved below 5095 also. 25 Basis points rates increase and it is on expected lines also therefore if Nifty sustains below 5095 today then it will be negative reaction confirmation.
Sustaing beyond 5095 will be market reaction confirmation on credit policy and should be watched first today for next trend confirmations.
Volatile moves may be seen after credit policy announcement therefore cautious approach is required and sustaing beyond 5095-5130 will be next moves confirmation after credit policy announcement at 12:00 noon today.
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Sustaing beyond 5095 will be market reaction confirmation on credit policy and should be watched first today for next trend confirmations.