Interest rates on EPF have been one indicator of the markets in previous cycles to foresee the path. For, these rates are an indication that the path of the rate is much more stable in the direction of the action. This time increase.
We are back to where we were nearly a decade plus.
US CPI revised one comes unchanged, takes some sting out of the worries, but the job is still not done yet is the conclusion. This inference, echoed by our RBI Governor in the Policy assessment.
RBZ ready to hike, Turkey another one which is embarking on hikes with the change in the CB Governor. US Yields and US Dollar both on the higher trajectory. No China as year of the Dragoon holidays.
Bull or bear depends on which frame one is looking at the Index. The bi-monthly frames posts that the bears are not done yet, and the next couple of weeks is crucial, an indicator volatile range remains the conclusion.
Bulles need quick close above 46300 to reassert. While bears are trying an failed attempt towards the mid 44 K.
It is difficult to see NIFTY down, when NIFTYBANK shows short term strength or vice versa, unless it is aided by other heavy indexes like Energy IT or the Metal or the combination.
Today would be one such day to watch. Industrial production and inflation data due after market close. Vital the political front any unexpected developments.
Inclined to clip around 45200-46400 range. Bias tad on the buy side though.
We are back to where we were nearly a decade plus.
US CPI revised one comes unchanged, takes some sting out of the worries, but the job is still not done yet is the conclusion. This inference, echoed by our RBI Governor in the Policy assessment.
RBZ ready to hike, Turkey another one which is embarking on hikes with the change in the CB Governor. US Yields and US Dollar both on the higher trajectory. No China as year of the Dragoon holidays.
Bull or bear depends on which frame one is looking at the Index. The bi-monthly frames posts that the bears are not done yet, and the next couple of weeks is crucial, an indicator volatile range remains the conclusion.
Bulles need quick close above 46300 to reassert. While bears are trying an failed attempt towards the mid 44 K.
It is difficult to see NIFTY down, when NIFTYBANK shows short term strength or vice versa, unless it is aided by other heavy indexes like Energy IT or the Metal or the combination.
Today would be one such day to watch. Industrial production and inflation data due after market close. Vital the political front any unexpected developments.
Inclined to clip around 45200-46400 range. Bias tad on the buy side though.
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