Ripples Advisory Private Limited, Indore @9303093093
Yesterday benchmark index Nifty closed at 8769 after making low of 8715. Before announcement of RBI monetary policy, Nifty made a high of 8791. RBI Governor Urjit Patel surprised the market by keeping repo rate unchanged at 6.25%. Moreover he changed his stance to neutral from accommodative, on worries of effect of demonetization on inflation. Nifty’s immediate support is at 8687 (4 Day low) and resistance is at 8814 (2Day High).
Bank Nifty yesterday closed at 20245 after making a low of 20070 on RBI policy. The immediate support for the index is at 20010 (3 Day Low) and important resistance is at 20576.
Small cap index yesterday closed at 6648 after making low of 6582 taking support of its 2 day low of 6587, the index opened at 6643 and made high of 6660.
Nifty Future is opening at 8821 as per SGX Nifty at 8:50 am IST, 17 point above its previous close of 8803.
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Yesterday benchmark index Nifty closed at 8769 after making low of 8715. Before announcement of RBI monetary policy, Nifty made a high of 8791. RBI Governor Urjit Patel surprised the market by keeping repo rate unchanged at 6.25%. Moreover he changed his stance to neutral from accommodative, on worries of effect of demonetization on inflation. Nifty’s immediate support is at 8687 (4 Day low) and resistance is at 8814 (2Day High).
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