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All Eyes on RBI (6th Dec 24)


1. U.S Markets closed lower Yesterday
2. Asian markets are mixed right now.
3. Right now , Dow futures are mixed.
4. U.S VIX is now close to 13.
5. This indicates low Volatility & Stability in the markets.
6. Yesterday was the most Volatile trading day I've ever seen in my life.
7. It was unbelievable to see Frontline indices swinging this way.
8. Stocks being Volatile is understandable.
9. Even Frontline indices there trading happens daily for thousands of crores in Nifty & Bank nifty being so Volatile was unexpected.
10. Nifty was down 200 points around 24300 at 12 pm.
11. Then we do not know what had happened there was a big short covering.
12. If was so huge that Nifty rallied 300 points in a matter of 10 minutes.
13. Then there was consolidation going on.
14. By 2.30 pm nifty touched 24850.
15. 550 points reversal from the low point of the day.
16. Then at 2.45 there was huge selling.
17. Nifty went back to 24500 in a few minutes and again rallied 200 points.
18. All this happened without any news.
19. Today the expectation is a cut in CRR.
20. This would be Positive for the markets.
21. Most importantly,  RBI commentary will also be heard keenly.
22. RBI views on current Slowdown etc will be observed too.
23. Nifty might trade between 24550 to 24850 today.

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