Banknifty Future closed : 18646
Easily will move 500 to 750 points………. Ahead of RBI Policy
Just Review……..
If cut 25 basis point…………. Today top-out will happen & Expect minor correction!!!
If cut 50 basis point……….. Big Rally will be expected & short term Target 20000
Suppose if not cut hold Rates………… Correction will be expected up to 1000 points not for intraday
Today’s BNF facing Resistance 18700 & 18750
After Policy if sustains above 18750………. will check 19000
Suppose after Policy if stays below 18450……… Big slide will be expected!!!
Better to trade after clear Trends!!!
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Updated : 08.44am / 02nd Dec’14 / TN
