Post RBI Policy view on market By Mr. Santosh Meena, Swastika Investmart Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is view on RBI Monetary policy By Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd.
Nifty is witnessing some profit booking from the 18888 level; however, the overall texture is still bullish, where 18600–18550 is an immediate demand zone and the 20-DMA around 18440 is the next support level. On the upside, 18735 is an immediate hurdle, and then 18888 and 19000 are the next resistance levels.
Banknifty is consolidating nicely above the 9-DMA, while the 20-DMA around 42700 is the next important support level. On the upside, 43500 is an immediate hurdle; above this, we can expect fresh momentum towards 44000.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Daily Market Commentary : Nifty snapped its initial gains and closed with a marginal loss of...
