Tuesday, 2 December 2014

Technical Analysis on Indian Nifty Market

Indian stock markets opened lower on Tuesday tracking weak global cues. Crude oil prices bounced from five-year lows hit on Monday putting pressure on equities.

The Reserve Bank's bi-monthly credit policy announcement will be the big focus for domestic equities today. There is a consensus among economists that the central bank will not cut repo rate today. However, rate sensitive stocks have outperformed in the run up to the policy announcement.

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