RBI will cut interest rates in its monetary policy, credit policy, there are rumors in street and many analysts are expecting the same. Market analysis says, inflation was in control after a long struggle. Now there is need to shift the focus on growth rather than inflation, we have seen inflation and monetary tightening has almost paused the growth of different sectors. Continuous weakening of IIP (industrial production) resulted in recent market crash. Current market condition is totally different and RBI will start to cool off interest rates then we will have a market ready for its next bull rally. Today our trading strategy will be to add long position in nifty future, buy nifty future for a decent rally of at least 200 points. So direction of nifty future is very much clear prior to rate cut announcement, nifty future will get strong buying interest once the rate cut is announced.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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