We have clearly alerted our subscribers during our Wednesday morning note and explained why we had to change our stance. Despite of yesterday's bullish move on the indices we observed the missing conviction. We think today's recovery will be shortlived and Nifty might be on the verge of breaking key support of 5400.
While RBI decision on interest rates might be ignored by the street, now is the time to stay in cash. One should be willing to change their views on a daily basis given the global mayhelm and be informed. We at D-Street try to give our subscribers the best of interpretation and information on global happenings