Nifty made a high of 5145 low of 5084 and closed at 5098 which is 48 points up from previous close.
Today is the crucial day for Nifty RBI monetary policy and FNO settlement day.
Nifty crossing of 5170 will depend on RBI's announcement if there is no further rate hike then Nifty will cross 5170 or else the bearishness will again come into picture.
In the first one hour if Nifty comes to 5050 it can be bought with stop loss of 5020 for the target of 5120.
If the RBI policy comes positive it can take the Nifty towards 5330 and further. or else it will go to 4900 and further.
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