MARKET REMAINED UNDER PRESSURE FOR THE WHOLE DAY AND SAW NO MEANINGFUL RECOVERY AFTER THE VARIOUS NEWS FLOW AND A DAY BEFORE EXPIRY & FED MEETING.
THERE IS NO FRESH POST EARNING SESSION TRIGGER HENCE THE MARKET MAY REMAIN IN A RANGE 5950-5700. RBI WILL DECLARE ITS CREDIT POLICY ON 3RD MAY AND THERE ARE CHANCES OF HIKE IN REPO & REVERSE REPO RATE BY 25 BASIS POINTS AND ALSO THERE ARE CHANCES THAT CRR MY BE HIKED TO THE TUNE OF 25 BASIS POINTS. REPO RATE AND REVERSE REPO RATE HIKE IS PRICED IN THE MARKET ANY THING MORE THAN THIS AND THE LANGUAGE IN WHICH RBI SPEAKS ABOUT TACKLING THE INFLATION WILL BE MEANINGFUL TO LAY THE FUTURE COURSE OF MARKET.
ANALYSTS BELIEVE THAT POST POLICY MARKET MAY INCH HIGHER FROM THE RANGE 5950-5700 TO 6040-6100 LEVELS UNTIL THERE IS VERY ADVERSE NEWS FLOW ON DOMESTIC FRONT OR GEO POLITICAL FRONT.
TODAY NIFTY FUTURE (APRIL) MAY SETTLE AROUND 5800 AND THE ROLLOVERS WILL TAKE PLACE AS USUAL. ONE SHOULD BE BUYER IN NIFTY OPTIONS CE5800, CE5900, CE6000 TODAY, WHICH COULD BE SOLD -OFF POST POLICY ON 3RD MAY.
Safe Harbor
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
THERE IS NO FRESH POST EARNING SESSION TRIGGER HENCE THE MARKET MAY REMAIN IN A RANGE 5950-5700. RBI WILL DECLARE ITS CREDIT POLICY ON 3RD MAY AND THERE ARE CHANCES OF HIKE IN REPO & REVERSE REPO RATE BY 25 BASIS POINTS AND ALSO THERE ARE CHANCES THAT CRR MY BE HIKED TO THE TUNE OF 25 BASIS POINTS. REPO RATE AND REVERSE REPO RATE HIKE IS PRICED IN THE MARKET ANY THING MORE THAN THIS AND THE LANGUAGE IN WHICH RBI SPEAKS ABOUT TACKLING THE INFLATION WILL BE MEANINGFUL TO LAY THE FUTURE COURSE OF MARKET.
ANALYSTS BELIEVE THAT POST POLICY MARKET MAY INCH HIGHER FROM THE RANGE 5950-5700 TO 6040-6100 LEVELS UNTIL THERE IS VERY ADVERSE NEWS FLOW ON DOMESTIC FRONT OR GEO POLITICAL FRONT.
TODAY NIFTY FUTURE (APRIL) MAY SETTLE AROUND 5800 AND THE ROLLOVERS WILL TAKE PLACE AS USUAL. ONE SHOULD BE BUYER IN NIFTY OPTIONS CE5800, CE5900, CE6000 TODAY, WHICH COULD BE SOLD -OFF POST POLICY ON 3RD MAY.
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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