Bank Nifty Outlook:-
Bank Nifty closed almost flat at 31589.05. Next
trigger for bank nifty is RBI policy which will be
announced on 06 June 2019, we are of the opinion
that RBI may tread cautiously and therefore cut
rates by 25 bps. We may see volatile session on 6
June on account of this RBI bi monthly policy. We
advise buying on dips near 31400 levels for the
targets of 31800 with stoploss of 31000 levels.
Daily Chart:
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