Nifty Tips
Stock Updates and News :-
1. US stock markets will remain closed for the second consecutive day affected by Hurricane SANDY.
2. RBI Credit Policy today at IST 11:00am, keep a close eye on it.
3. World Market Updates :-
US Markets -Negative (Closed on account of Hurricane SANDY)
European Markets - Negative
Asian Markets - Flat
Stock Market Recommendations For Today :-
Market from the morning waiting for the RBI monetary policy which is going to be announced today at 11:00am. All bank stocks are excited and showing good upmoves. SBI, ICICI and HDFC bank stocks are trading higher from the morning. RBI revises GDP forecast to 5.7%, rate cut unlikely. But Rate cut happen then its a big surprise.
ALERT: Next week, it’ll be the US Presidential elections followed by result. If Mr. Barack H. Obama wins the election, then market is ready for new bull-run.
Before presidential election, we have to be cautious in the market. Don’t trade heavy positions right now.
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