Waves Of Wealth
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RBI ALSO CHANGED STABCE FROM ACCOMODATIVE TO CALIBRATED TIGHTENING
This is hawkish ! Market may take this negative
Good morning
Today, RBI’s monetary policy is scheduled at 10 A.M
The market has already factored in expected 25 bps rate hike.
Expect volatility in today’s session
Market may keep on sliding till 21000
As prima facie counts looks like wave 3 on the down side is extending
Market is random? Think again ! Price action is pure technical !
How many analysts do you know who would say Bnf will crash while it was around 57-58k levels?
Ideally SL triggered however those who are still holding may keep a SL of 23200 closing basis
