Come Monday and a Blast is sure
The RBI meet though was a non event day with no rate cuts it managed to influx 47,000 crore rupees in the the liquidity dry system. Every month the banks are giving loans worth 1 lakh crore so a liquidity crunch is definitely there in the market.Hope so RBI takes the right steps. Thursday was an eventful day as is has converted the bearish sentiment into bullish one. What a day after the low made NF rallied to almost 100 points without even pausing at the resistance -------- IMPLIED BULLISHNESS --------. Monday would be a day to remember with NF rallying to almost 100 -150 points in my personal opinion.
For tomorrow with 5920 NF and 5880 NF as the supports try to buy as much as you can as tomorrow is surely going to be a gap up day and we would be scaling 6040 -6090 -6141 by tomorrow closing session.Now the support of 5840 has moved to 5860. So the trend is up till the 5840-5860 NF region doesn't break.
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