It has already become a trend to take the index up during the last 30 minutes of trade. Both Nifty and BNF closed very near to all time high.
The much expected RBI Policy tomorrow is increasing the anxiety of the investors. So far all the policies released in 2017 have brought cheers to the market. Whether the same trend will continue or will there be a disappointment?
While Nifty future has crossed today's high and created a new high, BNF could not surpass the 25229 which is a tough resistance.
In all probability Nifty and BNF likely to move in opposite direction in the initial hours of trade before synchronizing.
Nifty Resistance .... Support 10137/114/099/052/041
BNF Resistance 25366. Support 25150/102/945/897/819.
Alert : Book all your profits before 2.45 PM. DO NOT ALLOW OVERCONFIDENCE TO WIN OVER YOU.
Hello sir, thanks for the views. Any comments on the probable announcement tomorrow? I expect that there can be 25bps rate cut. My expectations for the rate cut situations on banknifty
ReplyDelete1) no rate cut =- 250 to - 150
2) rate cut 25bps = - 100 to +50
3) rate cut 50bps = +100 to +200
Looks reasonable and realistic? Your expert comments please... I look for some quantification in numbers...
Do not predict market and fix numbers. Go by support and resistances.let us go by trend.
ReplyDeleteThanks for your comments. I will follow it.
DeleteDo not predict market and fix numbers. Go by support and resistances.let us go by trend.
ReplyDeleteGreat good morning Sir. Wish you a happy trading day.
ReplyDeleteThank you. Wish you the same.
ReplyDelete