Before we get into today’s analysis let us spend some time on Inflation, MPC minutes by RBI & health of banking sector. You might be aware we have the MPC minutes & interest rate decision tomorrow. There are 3 possible outcomes status quo dovish hawkish What really prompts RBI to rate hike are 2 things…
Today was another day of personal disappointment for me as i could not find a suitable option selling opportunity. Bank nifty opened inline went over the resistance line of 41629 and then fell back to the negative zone. The open to HOD was only a move of 0.73% ~ 304pts. The swing of HOD to…
RBI Governor announced the Repo Rate hike of 0.35% to 6.25% currently — see the minutes here. Inflation in Oct 2022 reduced to 0.6% to 6.8%. And our GDP growth reduced to 6.8%. Listening to the speech i felt the global economy is in big trouble & India is in a far better shape. Also there is…
