Will RBI deliver on 3 May? Nifty Weekly Analysis

Next week 3 may we have our RBI policy, Expectation are high for rate cuts as Bank Nifty is up 1100 points in 8 trading days. If RBI disappoints the market we can see a corrective decline in market. As Nifty and Bank Nifty both have rallied before the event The market will take some cognizance of what has happened and just take a breather.Market has definitely factored in 25 Bps rate cut and so if we have a 25 bps cut on the policy day than we can see a definite sell of but if the governor surprises us with a 50 Bps along with a CRR cut than only we may see a rally above 5950.
The stock market remains closed on ..

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