Bank Nifty Weekly Analysis before RBI Policy
RBI Monetary Policy 17th June 2013 Expectaton
CRR (Exp 4.0%, Prior 4.0%)
Repo (Exp 7.25%, Prior 7.25%)
Reverse Repo Rate (Exp 6.25%, Prior 6.25%)
RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry week.
Equity market will react positive to the 25bps . In absence of any positive announcement sell off can be seen and Nifty can drift down to 5700 levels...
Bank Nifty is trading below resistance of..
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CRR (Exp 4.0%, Prior 4.0%)
Repo (Exp 7.25%, Prior 7.25%)
Reverse Repo Rate (Exp 6.25%, Prior 6.25%)
RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week as its an expiry week.
Equity market will react positive to the 25bps . In absence of any positive announcement sell off can be seen and Nifty can drift down to 5700 levels...
Bank Nifty Hourly
Bank Nifty is trading below resistance of..
Continue Reading
posted by Bramesh at
6:56 AM
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