Tuesday, October 30, 2012

RBI Policy Today : Market Trend 30 October

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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Posted By Commodity MCX Tips