Friday, September 16

Nifty Levels to Trade for September 16

The D day has arrived RBI deciding the fate of Nifty. Why i say so is Every time move by RBI will lead to trending moves in our market. Last Meeting when RBI raised the Interest Rates by 50 BPS Nifty was at 5700 Levels near its 200 DMA. After that Nifty is trading now at 5100 Levels so a fall of 600 points from previous Rate Hike.
What to except today ?
RBI has only 1 thing in MIND To Tame BEAST Inflation. It can keep on raising interest rates till it can get inflation controlled.
Today 3 Scenarios are possible
1. Raise by 25 BPS most anticipated -- 70% Market participants

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