Today’s market move solely rests on the RBI announcement.   It is a billion dollar question now if  RBI would cut the rate or not. Market players are widely anticipating the RBI to cut the interest rate by 25 basis points today.  In case RBI does not cut the rates the market would move down heavily.

In our yesterday’s newsletter we had given a trading call on Infosys.   Yesterday, the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, announced the launch of eBiz -- India's first Government-to-Business (G2B) portal which has been developed by Infosys in a public private partnership model. Infosys made the announcement during market hours yesterday. Members are requested to respect the stop loss. The stop loss is the most important part of the trading system which helps to mitigate the losses should the market moves against the expectation of the initiated call.

What to expect from the market now?

Market would be range bound today. Lower limit of Nifty is expected to be 5950. Today the announcement of the rate by the RBI would dictate the swing of the market.