Today again a pause day with no conviction on any side.
Today since the opening subdued selling was visible in the market. Banking sector was beaten to a large extent As such looks like before tomorrow's RBI meeting people are shying away form the banking sector. I am of the of the opinion that after tomorrows RBI meet It will be the Bank Nifty which is going to rally the most and take nifty too along with it. As I am expecting a Rate Cut tomorrow.
For tomorrow 5840 is the support below which we may visit again 5750. But as such i would suggest going long again if we get 5840 for targets of 5940 - 5987 -6027 NF.
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