As last 2 sessions intraday charts showed intraday consolidation patterns therefore Indian markets were positive immediately after opening today and also more than .25% up just before RBI Credit Policy announcements. As Credit Policy could not fulfill the expectations of market and only CRR cut by .25% but no change in rates therefore market slipped immediately after opening as well as traded below 5639.
Bank Nifty was almost 1% up before RBI Credit Policy announcements but now more than 1% down after Credit policy.
Sentiment fused after Credit policy and Nifty sustaining below 5639 as well as 24 sessions trading range breaking down possibility can not be ruled out.
Bank Nifty was almost 1% up before RBI Credit Policy announcements but now more than 1% down after Credit policy.
Sentiment fused after Credit policy and Nifty sustaining below 5639 as well as 24 sessions trading range breaking down possibility can not be ruled out.