Market has shown its resilience. The momentum looks quite strong
and all dips should be used to accumulate good stocks.
Banks have no more negative news left out and now they should start
supporting the market. Just after RBI has kept its stand that it wont
cut rates until banks do, already SBI and HDFC bank have announced
the base rate cut.
We may be able to see a surprise CRR or Repo rate cut in the coming
week, so hold Nifty and Bank Nifty with Sl below 8550.
and all dips should be used to accumulate good stocks.
Banks have no more negative news left out and now they should start
supporting the market. Just after RBI has kept its stand that it wont
cut rates until banks do, already SBI and HDFC bank have announced
the base rate cut.
We may be able to see a surprise CRR or Repo rate cut in the coming
week, so hold Nifty and Bank Nifty with Sl below 8550.
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