News - Events - RBI, FOMC Meet - 29th October 2013 in COMMUNITY CENTER - FII's have been selling in the last 4 trading sessions of this week and Nifty seems to be losing steam ...
10-25-2013 08:07 PM
Events - RBI, FOMC Meet - 29th October 2013
FII's have been selling in the last 4 trading sessions of this week and Nifty seems to be losing steam as both Slow Stochastic and Fast Stochastic are at 80 and looks to reverse.
Click Here to checkout the stochastic indicator for Nifty for trend analysis (Ignore the intra-day chart and look for the "Nifty 3 month Chart").
We have some important events coming up next week. RBI Policy meet on 29th October and US Fed FOMC meet begins on 29th and ends on 30th October.
RBI is expected to hike rates by 25 basis points to curb rising Inflation as per poll. Indian Markets might get into a correction mode if RBI hikes rates by 25 or more basis points.
If RBI does not hike rates, Nifty may continue to hold on to recent gains, although upside looks capped.
FOMC is expected to keep QE unchanged.
Depending on how things unfold, we can expect Indian Markets to take direction.
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