Banknifty Future Closed : 11243
Today all eyes on RBI Policy
If hike 25 Basis points…….. 100 to 200 pts expected to Fall
Already discounted almost 1000 points last one week
If hike 50 basis point………… Another sharp slide will be expected !!!
Suppose if unchanged……… Sharp rally expected upto 11500 to 11700
Today’s support 11200 & 11030……. Thereafter 10800……
Today’s Resistance 11350 & 11500……. Thereafter 11700……..
Better to trade after Policy !!!
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Updated : 08.49am / 18th Dec