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RBI Policy !! (8th Dec 2023)


1. U.S Markets closed higher yesterday.
2. Right now , Dow Futures are mixed.
3. Asian markets are mixed.
4. Gift Nifty is indicating a gap up of 20-30 Points.
5. U.S VIX went slightly lower yesterday. 
6. Yesterday was a consolidation day as we had expected.
7. Markets after rallying need some time to breathe.
8. This consolidation is good for the long term prospects of our Markets
9. If there is a vertical rally then as and when there is a fall , it would be vertical as well.
10. Today we have the all important RBI policy.
11. Expectation is that there wouldn't be any change in the interest rates.
12. Major emphasis would be given on the Commentary given by Shaktikanta Das.
13. Slight possibility of a rate cut as well today.
14. If by chance there's a rate cut then there is a huge possibility of markets to rally.
15. Since the interest rate cut would indicate that inflation has peaked out.
16. Possibility of a rate cut is very low as RBI follows what the U.S fed does.
17. So first major step is taken by FED and then it's replicates by RBI.
18. This is what I've observed in my experience 
19. Nifty might trade between 20850 to 21100 today.

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