Now nifty corrected well up to 50 day ema. 5165 and closed at 5203. Global cues are flat to +ve. FII data -ve. Option writings are bearish. But, if nifty crosses 5240 then go long by clearing shorts with stop loss is 5240 it self.
I guess the market didn't took RBI policy in a negative sense and anyways 25 bps is a very small figure and passive action to curb inflation. Lets see the inflation figure tomorrow.
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ReplyDeleteI guess the market didn't took RBI policy in a negative sense and anyways 25 bps is a very small figure and passive action to curb inflation. Lets see the inflation figure tomorrow.
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