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INTRADAY TIPS FOR 16 Dec:- Stock Market had again the negative end closing. In the morning session it start with soft negative end,and in afternoon session it had smart recovery from the day low but huge volatility was there due to RBI Policy announcement of tomorrow.After The recovery sensex closed its trading at15836, down 45 points.For tomorrow sentiments will based on the RBI Policy before this, negative bias will sustain.NIFTY VIEW WITH SUPPORT AND RESISTANCE LEVEL FOR TOMORROW 16 Dec(NIFTY TREND):-One More Volatile Nifty trading stopped at 4746, down 17 points.Nifty has the negative bias before RBI Policy announcement.Nifty has support level Below 4675, next support levels are 4640-4590 and resistance level around4787.93 – 4891.03 for tomorrow.
RBI POLICY 16 Dec:- Tomorrow RBI Credit policy is expecting to announce at 12 pm.this will be trigger point for the stock market,and will decide in which direction it will go.well after the Inflammation rate announcement the RBI Credit policy is expecting at positive bias, it seems that the RBI will not cut the interest rate tomorrow.For more Updates >> CLICK HERE and Get TIPS AND UPDATES
The choppiness and volatility will continue in the market for the whole week due to important results and data release.Uncertainty in the stock market will be sustain so for small traders expert advice to maintain a distance.
