RBI is out of the way now, so how do we trade NIFTY
then? Even without rate cut NIFTY
is up about 50 points and Sensex 160 points. BankNifty
is showing some more cheer with 200 plus points. What we gather from this is that these are just normal catching up with other global indices is going on and nothing more. We will be wary of getting any conclusions too soon though. Let's see if NIFTY
is able to retain 8250 today and we may become more inclined to join the optimism cautiously until it reaches our sell zone above 8400.