The RBI has left repo rate unchanged at 8.5 per cent and stated that rising fiscal deficit is adding to inflationary pressure and sudden spike in crude prices has accentuated slowdown risk. Hence, All the sectoral indices were in the red with rate sensitives like Realty, Banks and Capital Goods leading the decline.
Banknifty was down by 2.71% and all banks closed in red.
Today JBNSAR @10676 has triggered sale signal and there by given gain of 100+ points in swing trading during intraday.
Tomorrow again 10634 level is important for banknifty to sustain for further upmove.
Comments
Post a Comment