Bank Nifty technical analysis before RBI Policy
Bank Nifty will be in focus today as RBI will unveil its credit
policy today at 11 AM, Market Participants , Government and Corporate
India have long standing expectations of an interest rate cut to boost
sagging growth.
RBI said in its report on Macroeconomic and Monetary Developments issued yesterday “Given the preponderance of non-monetary factors behind the current slowdown in an environment where risks from high inflation, current account and fiscal deficits still remain, the scope for supportive monetary policy action is constrained"
As per above statement it has dimmed the hope of rate cut but final verdict will be out only at 11 AM as Mr. Subbarao is very unpredictable person in his action.
Lets see How Bank Nifty is technically looking before the Policy.
Bank Nifty gave a breakout above ...
Continue Reading
RBI said in its report on Macroeconomic and Monetary Developments issued yesterday “Given the preponderance of non-monetary factors behind the current slowdown in an environment where risks from high inflation, current account and fiscal deficits still remain, the scope for supportive monetary policy action is constrained"
As per above statement it has dimmed the hope of rate cut but final verdict will be out only at 11 AM as Mr. Subbarao is very unpredictable person in his action.
Lets see How Bank Nifty is technically looking before the Policy.
Bank Nifty
Bank Nifty gave a breakout above ...
Continue Reading
posted by Bramesh at
6:22 AM
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