Today is the RBI meet on deciding the monetary policy. Market expectations is that RBI will hike the repo rate by 25 bps. Hence that is to be considered as already discounted. Well if RBI does not hike then expect a 100-120 points rally in Nifty. Otherwise also our market is set to see 4600-4700 level soon.
Nifty Trader
Nifty Futures
Momentum up above 4340 and down below 4330. Supports are 4305, 4275and 4250. Resistances for upmove are 4365, 4395, 4425. Avoid shorting at lows as gap down opening possible.
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