Bank Nifty is steadily moving up before RBI's monetary decision on tomorrow. Opened mild Gap up and corrected making low at 21499. Later moved higher making all time high at 21699 and closing all time closing high at 21652.
Bank Nifty may give some reaction if any negatives come from RBI's decision/commentary. Otherwise market already priced in no rate change. Overall Bank Nifty is poised for sharp up move towards 21800/22000 before closing of this week as it closed above 21565 as per our weekly levels.
Comments
Post a Comment