Define your trades and your trading plan (discipline), and stick with your trading plan (self-control). The justified wins you receive from following your plan with help you develop an unwavering pattern of disciplined and controlled trading.
Today is all important India Reserve Bank meeting: Markets expect the repo and reverse repo rates to get raised by 25bp to 8.50% and 7.50%.
RBI came up with macro economic report yesterday and revised growth Expectation at 7.4% and Acknowledged the fact 12 Rate Hikes from last 12 months has dented the business confidence but unable to dent the Stubborn Inflation.
Will RBI Hike One more Rate Hike Today as a wishful thinking it should not and let the previous rate hike show little effect. We are gaining worldwide importance because of our Growth Story and RBI rate hikes are putting growth in drain which is not a good factor for India for its long term growth story.
Lets look How Bank Nifty is looking technically before this all Important event...
Read the Full Story
--
Rgds,
Bramesh
09985711341
http://www.brameshtechanalysis.com/
Follow on Facebook during Market Hours: http://www.facebook.com/pages/Brameshs-Tech/140117182685863
--
You received this message because you are subscribed to the Google Groups "TradingCenter" group.
To post to this group, send email to tradingcenter@googlegroups.com.
To unsubscribe from this group, send email to tradingcenter+unsubscribe@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/tradingcenter?hl=en.
Leave a comment