RBI Credit Policy Updates :-
After 9 months, RBI has finally announced a Repo cut which could be the beginning of further cuts this year. On the basis of current assessment and in line with the policy stance outlined in Section III, the Reserve Bank announces the following policy measures:
RBI cuts REPO rate and CRR by both 0.25%. Market expected this and same has come just CRR is some surprise but that is not to big one.
Share Market Trading Recommendations For The Day :-
Indian market is highly unstable now, no fresh long position should be taken below 6102 of nifty spot (hurdle) above 6115 of spot nifty market will rock. Expecting market will see a new high after monthly f&o expiry. Indian market is slowly but certainly moving north, but one thing must remember that for the whole day Indian market will remain highly volatile.
Our experts expect market not to react much to this, we recommend - avoid buying on highs.
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