RBI raises repo rate by 25 basis points shocking the dalal street yet again as status quo was expected by more than 90% of the market analysts. High beta sectors, specially banking now stands on the edge to a yet another breakdown. One may expect 6050 levels at Nifty to be breached if market consolidates along these levels for this week or so. Stay cautious !!
The content on this blog gives the daily fundamental and technical outlook about the Indian Financial Markets. Reader discernment is called for !!