The market will decide the slightly upward or slightly downward trend after RBI would announce its credit policy by optiontips.in.
Ahead of the Reserve Bank's monetary policy review on Tuesday, bankers today said the central bank should focus more on growth as the country cannot afford economic expansion of below 5 percent.
"The RBI could give a signal because it does not want growth to come below 5 percent"
Stock Tips for today by optiontips.in
For Medium to Long Term prospective
Buy Mahindra and Mahindra
Recommended Price: 890
Target:
read more on:
http://www.kyachadega.com/2012/10/nifty-remains-in-range-bound-of-5630.html
The RBI Governor has chosen to come with a very mixed policy; we have a rate cut and a rate hike in the same document. However, the market is treating it as a rate hike rather than a rate cut. The RBI, contrary to expectations has chosen to give a clear signal that fighting inflation is its core priority.