Nifty saw a big pressure after coming so long from the down side, for the whole day we saw just consolidation in the prices which later head to bit down side and closed red at 8785. RBI is about to release the policy tomorrow. Which will bring a good volatility in tomorrow’s session.
Bank Nifty Outlook
Bank Nifty saw a flat move today, where prices opened at 20398 and closed at 20378, a tough resistance can be seen on 20500 level which is becoming difficult to break. Due to RBI policy we can see a good movement tomorrow in bank nifty as well as in banking stocks.
Nifty Day Performance