Reserve Bank Of India(RBI) hiked repo rate and reverse repo Rate by 25 basis points(bps) thus, both indices Nifty and Sensex showed selling pressure for second consecutive day and closed in red, which suggests bears are having control at the moment. Market sentiment for Nifty may remain weak below 5,400 level and selling pressure may be seen below this.
For Nifty Tomorrow, trend deciding level is at 5,415. If Nifty shows strength above this levels, then rally to 5,450/5,480/5,525 levels may be seen, otherwise selling pressure may be seen till 5,360/5,325/5,300 levels.
For Nifty Tomorrow, trend deciding level is at 5,415. If Nifty shows strength above this levels, then rally to 5,450/5,480/5,525 levels may be seen, otherwise selling pressure may be seen till 5,360/5,325/5,300 levels.
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