Nifty gets Rajan effect, Will Fed oblige the bulls

• FIIs bought 18028 contracts of Index Future  worth 549 cores (26909 Longs contract  were added and 8881 shorts contract  were added) with net Open Interest increasing by 35790 contracts, so FII's added longs and short both before the Fed event bias remains on long side though.
  

RBI governor Raghuram Rajan played Santa for the Indian stock markets today by retaining the repo rate and fueling the much expected bounceback as we have been discussing in our past analysis.

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