Share market close on bearish trend after RBI policy review, nifty close above 6100 level with loss of 100 point, and BSE sensex close @30263 with loss of 382 point, bank nifty fail 461 point close at 10468 level, some of bankers and experts poll its good policy to control rupee and help to growth s well as liquidity in market.
What will expected now on bank nifty and nifty :
on Monday market may be open negative trend at 60000 below rupee week 50 paise against dollar and traded at 62.27, rupee may be range bound at 65 to 62 on this stage.
What should do in bank nifty :
bank nifty may perform down trend after review and bankers may be increase home loan and deposit rate so investor can keep distance on bank nifty for few month.
Stock advice for Monday :
sell bank of baroda future below 550 target 540,530,520 stoploss 570
sell bharti airtel future below 344 target 343,341,439 stoploss 447
sell hcl tech future below 1061 target 1051,1041,1031 stoploss 1080
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