As Core inflation reduced therefore recovery from lower levels on rate cut expectations by RBI in Credit Policy on 19 March 2013. Nifty is trading above immediate resistance(5893) for the last 1 hour and it is strong indication of strength. Market showed good enthusiasm after inflation data and it may remain continued up to Credit Policy as well as follow up trading positions tomorrow and next Monday will decide next trend but should be kept in mind that any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
