Well....RBI Policy on the Card.....................There'll be Huge Up & Down on the Bourses in Today's Trade..............But do You Know, Expert Trader's....Made Huge Money in these Kind of Situation , Like We'll do in Today's Trade.............!!!
Levels for Bulls
Expect, Sharp Run Up on the Bourses.......But Only Above 5735.00 Mark, Above that Mark....NIFTY FUTURE, May Try to Hit......5778.00 and than.........5823.00 too in Today's Trading Session ( KEEP SL : 5700)
Levels for Bears
Below.................5699.00 Favours Bears Only, Below that Mark...It's Most Likely that NIFTY FUTURE , May Try to Hit.........5672.00 and than........5653.00 too in Today's Trading Session ( KEEP SL : 5734)
More Pain....Will be there, but Only and Only Below...........5640.00 Mark...Below that Mark...Nifty Future, may try to hit..........5610.00 and than...........5580.00 too.........!!!
Markets are likely to take a trend based on RBI meeting outcome. While a 25 bps hike is likely to cheer the market, a 50 bps hike might punish the markets severely.Technically Nifty is poised to lose 200 points with a minor support at 5600 levels.
Investors are adviced to keep caution before taking a plunge into the market. FY 2011 is undoubtedly a challenging year for investing as trends and economic outlook perception is changing on a monthly basis thanks to the highly volatile economic data.