Stock Market Trend : Friday 16 september

"RBI's Credit Policy Today"

Good Morning readers, all eyes are on RBI's Credit Policy today. It is believed that Mr D(Subbarao) will definitely announce hike of 25 bps. 

Effect of Credit Policy on Indian Stock Market today :-

Indian Stock Market has opened today with a positive start, today the market sentiments are on high as Mr. Subbarao is going to announce the 'RBI Credit Policy'. If the RBI hikes interest rate by 25 bps then we could see the market correct to 5030 before moving up.Otherwise, we expect the Nifty to go beyond 5170 to 5200.

Expert's Trading Advice for Today :-

Traders need to be on the long side of the market and refrain from selling into the rising trend and hoping for a correction. Markets can rally sharply on Friday as shorts will be forced to cover.

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