FII Derivative Data Analysis before the June RBI Policy
Ahead of its interest rate decision tomorrow, the RBI paints a picture of a stagflationary economy in its quarterly report. "The near-term outlook on inflation continues to be marked by a number of upside risks, despite the significant slowdown in growth ... fiscal and monetary space to stimulate ... remain limited." Inflation worries are likely to keep the RBI on hold for now.
We have RBI meet,US Fed Meet and ECB meet all lined up from 31July and 1 August. Equities have been rallying and EU markets are up by 8% after Darchi comment "Will do enough to save Euro",He has promised now its time to deliver any variation from the same will be a Selling opportunity. US markets have closed above 13000 on more QE 3. Be the part of rally till it lasts or stay on sidelines but do not go against the trend.
1. FII bought 2419 Contracts of NF ,but the net figure..
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