Tuesday, May 3

Bank Nifty Views Ahead of RBI meet

RBI will meet today on deciding the Interest rate Hike to ease of untaming inflation. From a fundamental perspective the tighter the Interest rate more it will affect the Growth cycle as Industries need to pay more Interest on loan hence affecting their profitably.
RBI has a tough task to do taming inflation and not slowing down the growth.
Looking from Technical Perceptive we can get the Best Indication from Bank Nifty.


Bank Nifty Hourly Chart
BN Hourly charts has generated sell from 11903 levels and still in SELL mode.BN was stuck in trading …
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