The market danced to the tunes of the FED.

Yesterday, the CNX Nifty jumped 216.10 points to close at 6,115.55. Though this was not the highest close of the year it is a clear signal that the bulls have regained the strength from the bears. The readers would have been immensely benefited by our prediction.

Today RBI mid-quarter policy review will impact the market. It has to be checked if the policy aids to give a boast to the sagging economy or not. At 11 AM the new RBI Governor will address the press meet.

What to expect from the market now?

The market has jumped heavily in the recent days. As long as the Nifty stays above 6050 the bulls will enjoy the party. The next resistance is now placed at 6230.