Sentiment is depressed today morning because most Asian markets are trading in Red.
RBI Credit Policy at 11:00AM today and volatility immediately before and after its announcement may be seen. As RBI expressed worries on inflation in Micro Economic Review yesterday evening therefore cofusion on rates cut increased and SGX Nifty is more than 40 points today morning.
Market is capped between 5175-5305 today and follow up moves before and after Credit Policy will decide next market as well as break out of this range will be next moves confirmations.
Detailed analysis has already been updated yesterday in following topic:-
Market capped between 5175-5305
RBI Credit Policy at 11:00AM today and volatility immediately before and after its announcement may be seen. As RBI expressed worries on inflation in Micro Economic Review yesterday evening therefore cofusion on rates cut increased and SGX Nifty is more than 40 points today morning.
Market is capped between 5175-5305 today and follow up moves before and after Credit Policy will decide next market as well as break out of this range will be next moves confirmations.
Detailed analysis has already been updated yesterday in following topic:-
Market capped between 5175-5305