Bank Nifty Weekly Outlook before RBI, Fed policy
Next week
will be crucial for Bank Nifty as government will unveil data on
inflation based on the wholesale price index (WPI) for November 2013 on
Monday WPI is seen easing a bit at 6.9% in November 2013, from 7% in
October 2013 and Federal Open Market Committee (FOMC) holds a two-day
policy meeting on interest rates in the United States on 17-18 December
2013 and Reserve Bank of India (RBI) announces next Mid-Quarter Review
of Monetary Policy for 2013-14 on Wednesday, 18 December 2013. So expect
volatile move in Bank nifty based on events ahead.
Bank Nifty Hourly
Bank
Nifty hourly charts are showing positive divergence in leading
indicators holding
posted by Bramesh at
10:41 AM
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