GOOD MORNING!!!
MARKET HAVE FACTORED TO HE RATE HIKE OF RBI WHICH WAS WITHIN THE EXPECTATIONS OF THE MARKET ANALYSTS, AND THE FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES HAS HELPED THE MARKET SHRUG OFF A RATE HIKE FROM THE RESERVE BANK OF INDIA. MARKET BREADTH WAS NEGATIVE AUTO STOCKS WERE ON THE LIMELIGHT WERE SEEN RALLY ACROSS THE BOARD AND BAJAJ AUTO WAS THE TOP PERFORMER HITTING RECORD HIGH. BANKING EDGED HIGHER ON RBI POLICY IT GOT REBOUNDED FROM DAYS LOW. INITIALLY MARKET WAS IN A NARROW RANGE BOUND AHEAD OF RBI POLICY REVIEW BUT LATER TOOK OFF WITH THE POLICY BEING INLINE EXPECTATIONS FROM THE MARKET. ALL IN ALL THE MARKET TURNED POSITIVE TO THE EARLIER BREADTH OF THE DAY.
TODAY MARKETS WOULD BE RANGE BOUND AND WOULD SEE LOT OF VOLATILITY IN THE MARKET WITH THE EXPIRY BEING VERY NEAR. ONE CAN SEE LOT OF VOLATILITY ON THE ROLL OVER OF POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACT. IF NIFTY TRADES BELOW 5411 ONLY THEN ONE CAN THINK OF GOING SHORTS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5460 WE CAN SEE SOME UPWARD MOVEMENT UNTIL THEN ITS PURELY NO TRADING ZONE.
NO RECOS FOR THE DAY
MARKET HAVE FACTORED TO HE RATE HIKE OF RBI WHICH WAS WITHIN THE EXPECTATIONS OF THE MARKET ANALYSTS, AND THE FIRM EUROPEAN STOCKS AND HIGHER US INDEX FUTURES HAS HELPED THE MARKET SHRUG OFF A RATE HIKE FROM THE RESERVE BANK OF INDIA. MARKET BREADTH WAS NEGATIVE AUTO STOCKS WERE ON THE LIMELIGHT WERE SEEN RALLY ACROSS THE BOARD AND BAJAJ AUTO WAS THE TOP PERFORMER HITTING RECORD HIGH. BANKING EDGED HIGHER ON RBI POLICY IT GOT REBOUNDED FROM DAYS LOW. INITIALLY MARKET WAS IN A NARROW RANGE BOUND AHEAD OF RBI POLICY REVIEW BUT LATER TOOK OFF WITH THE POLICY BEING INLINE EXPECTATIONS FROM THE MARKET. ALL IN ALL THE MARKET TURNED POSITIVE TO THE EARLIER BREADTH OF THE DAY.
TODAY MARKETS WOULD BE RANGE BOUND AND WOULD SEE LOT OF VOLATILITY IN THE MARKET WITH THE EXPIRY BEING VERY NEAR. ONE CAN SEE LOT OF VOLATILITY ON THE ROLL OVER OF POSITIONS FROM THE CURRENT MONTH TO THE NEXT MONTH CONTRACT. IF NIFTY TRADES BELOW 5411 ONLY THEN ONE CAN THINK OF GOING SHORTS AND ON THE POSITIVE SIDE IF NIFTY TRADES ABOVE 5460 WE CAN SEE SOME UPWARD MOVEMENT UNTIL THEN ITS PURELY NO TRADING ZONE.
NO RECOS FOR THE DAY
