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RBI POLICY UPDATES


What I can understand from Dr Rajans comments is that keeping in account the global geopolitical situations and late monsoon...he has held any measures as of now, he is confident that the stable govt will get the reform what required for growth and RBI is open to any rate cut as and when situations are in favour.

Coming to markets we are in a Band of 26200 and 24800 on Sensex, Nifty 7450 and 7820 , we need a substantial trigger to break this barrier.....The only negatives what is seen is midcaps and small caps havent made a new high as against the Sensex and Nifty..Brent is in favour and energy stocks could do well going ahead

Inflation should be under control by the coming state elections in Maharashtra and other states in Oct......subsequently we can have a rate cut by that time too...patience is the game as of now...we can see some more consolidation for another 2 months or so...

Although Dow Jones has given a monthly losses and reversed...at the current juncture it has just taken support at its 200 SDMA which is rising......sharp bounce isnt ruled out in next few days.



{05.08.2014}




























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