Nifty continues rally ahead of RBI meet
Nifty closed above 8700 making it yearly high close for this year. Ahead of policy meet, this close suggests that market might be discounting a probable rate cut coming up in next month's policy decision. As far as technicals are concerned; nifty still looks positive and more room left on upside towards 8878. Any close below 8580 only needs to be looked into as a alarming sign.
For the day, bulls might be in full action and control.
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