Nifty Analysis for 15 June

Today the all Important Inflation data for May month was released, inflation inched upto 7.55% and Core Inflation to 4.99%. The another shocker was The March inflation figure has been revised upward sharply to 7.69 percent from 6.89 percent.

So now this revision put RBI in catch 22 situation, Economy is slowing but Inflation Monster is coming down so How will Mr. Subbarao play the game as he is caught between Devil (inflation monster) and dead sea(slowing growth) will be Keenly watched on Monday ie. 18 June.

Before RBI policy the Sunday Results of Greece election will be watched by whole world as its results will decide whether Greece.. http://bit.ly/NoxhBu