last week prediction was posted here
http://www.dhanvarsha.in/2012/04/nifty-weekly-out-look-for-week-ending.html
on 17 Apr RBI will announce its credit policy..
we are expecting that nifty is having firm support at 5150 ..5200 level
if this will break then nifty will see 5070 >><<4942 in next week..
bouncing from 5150 will take it to 5339- 5384 -5400 ...
every thing depend on 5200 - 5150 ..which is crucial
will it protected by bulls ?
bulls need strength and that is in the hands of rbi only..
Amidst sagging factory output and moderation in economic growth, the Reserve Bank could cut interest rate by about 0.25 per cent and release more liquidity to stimulate economic growth in its annual credit policy on Tuesday.
"My personal stance is that cut CRR...I would expect 75 basis point cut in CRR," SBI Chairman Pratip Chaudhuri said.
http://economictimes.indiatimes.com/news/economy/indicators/rbi-may-cut-crr-repo-by-0-25-pc-in-upcoming-policy-bankers/articleshow/12673034.cms
http://www.dhanvarsha.in/2012/04/nifty-weekly-out-look-for-week-ending.html
on 17 Apr RBI will announce its credit policy..
we are expecting that nifty is having firm support at 5150 ..5200 level
if this will break then nifty will see 5070 >><<4942 in next week..
bouncing from 5150 will take it to 5339- 5384 -5400 ...
every thing depend on 5200 - 5150 ..which is crucial
will it protected by bulls ?
bulls need strength and that is in the hands of rbi only..
Amidst sagging factory output and moderation in economic growth, the Reserve Bank could cut interest rate by about 0.25 per cent and release more liquidity to stimulate economic growth in its annual credit policy on Tuesday.
"My personal stance is that cut CRR...I would expect 75 basis point cut in CRR," SBI Chairman Pratip Chaudhuri said.
http://economictimes.indiatimes.com/news/economy/indicators/rbi-may-cut-crr-repo-by-0-25-pc-in-upcoming-policy-bankers/articleshow/12673034.cms
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