Market Trend, News & Trading Tips For Today 19 March
Today we are expecting a little higher market in line with rest of world markets but as we have rbi credit policy today so eyes will be on it and will drive the market.....now for today 5830 nf will act as bulls last hope support...on bounce 5890 nf first hurdle of bulls, only breaking this range will set further moves from bulls or bears...watch out today. RBI POLICY today at 11:00 AM - We expect a 25BPS Repo Rate Cut, CRR may be left untouched. Avoid buying, Inflation concerns raised by Moody. Last time also there was a cut so taking Inflation into consideration such a move will not be done, As elections are near and if any pressure on Food Inflation it will damage Congress Vote-Bank. So from now on RBI will be very cautious!
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