The last Resort!
The role of the Central Bank is always in the nature of last resort.
We have our own inflation report later. No way one can extrapolate global softer tone to our own. We are different this time too! or otherwise is the curious thing to watch.
Concerns continue to mount on the asset class that everybody crowding in, the exposure by the retail, the increasing cases, the social media. The measures come thankfully in much more broadcasted and staggered way.
Nothing unusual in the end, this has happened before and is quite normal, in the short term it can have impact on the liquidity on those select places. A healthy unwind.
RBI cautions, higher for longer, Dollar Rate cuts noise gallop post the inflation report, nothing is going to materialise, other than the usual third quarter reports showing next year huge rates cuts. Annual event.
This one is far healthier than many sectors however, near term victim of broader market moves.
The fall intra-day and the rise above is the proof.
Still opens up a small window to see the yesterday low. However, a move past 52600 blunts that probability.
Support 52100-51800-51600
Supply 52400-52650-52800
We have our own inflation report later. No way one can extrapolate global softer tone to our own. We are different this time too! or otherwise is the curious thing to watch.
Concerns continue to mount on the asset class that everybody crowding in, the exposure by the retail, the increasing cases, the social media. The measures come thankfully in much more broadcasted and staggered way.
Nothing unusual in the end, this has happened before and is quite normal, in the short term it can have impact on the liquidity on those select places. A healthy unwind.
RBI cautions, higher for longer, Dollar Rate cuts noise gallop post the inflation report, nothing is going to materialise, other than the usual third quarter reports showing next year huge rates cuts. Annual event.
This one is far healthier than many sectors however, near term victim of broader market moves.
The fall intra-day and the rise above is the proof.
Still opens up a small window to see the yesterday low. However, a move past 52600 blunts that probability.
Support 52100-51800-51600
Supply 52400-52650-52800
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.