Nifty Weekly Analysis Between the last expiry and today, Nifty is up 845pts ~ 4.21%. It hit a new ATH this week and most importantly broke out from a tough resistance level. Although the main reason was due to the election results, Nifty had some fuel in it to take off. How the current week…
Nifty Analysis Yesterday we went with a 60% Neutral and 40% bearish stance for today. What happened from open till 13.15 — was in perfect harmony & as per the script. But the intraday rally of 177pts ~ 0.91% was totally shocking! I was unprepared, unplanned and must say ran into losses today because of my bias….
Yesterday we discussed in detail the RBI MPC possibilities. If you read the article — I was expecting a hike. Surprisingly RBI maintained status quo today. Even when the inflation is at the elevated level a pause in rate hike should not be taken very lightly. An optimist would say it is an excellent decision that RBI…
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…
