Preksha_Baid

Passionate Trader || wanderlust 🏖 || Posts shared ≠ Recommendation | Sebi Unregistered || #Stockmarketindia

[Preksha_Baid @99Meechie]

The RBI Monetary Policy Committee decides to hike the Repo Rate by 25 bps, taking it to 5.50%.

#RBIPolicy #RBI #RepoRate #BreakingNews

[Preksha_Baid @99Meechie]

RBI Monetary Policy.

Experts predicting rate hike.

The last repo rate hike was in February 2023, when the RBI raised the rate by 25 basis points to 6.50 per cent.

[Preksha_Baid @99Meechie]

To the point.

[Preksha_Baid @99Meechie]

This week's candle is extremely worst.

Pain at the top (Market bottom out at the most fearful level)
Nifty is near the support and at 200 WEMA

This could potentially be an area where the market forms a bottom, but no conclusion can be drawn yet.
We need to see a strong

[Preksha_Baid @99Meechie]

Indian market do have lot of potential but the result of over regulations and high taxes is in front of us.

EGO > Market.

[Preksha_Baid @99Meechie]

NIFTY
Strong support level 22440 and 22250
It is very imp to take support near this area.

As of now there is no revarsal sign.

For reversal one should wait for the closing above the high of weekly candle.
Till then we can try to stay away or stock specific.

Shorters also keep

[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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[Preksha_Baid @99Meechie]

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