Nifty does not like uncertainty and prompt appointment of Mr Das as replacement of Urjit Patel has signalled market to move up as new RBI governor Shaktikanta Das has hinted at a reconciliation between the bank and the government. So, Nifty is in uptrend till the level of 10400 is maintained. banking along with micro finance is the sector to get in to get good returns in short term.
Just a quick reminder that all those who enter in market 6 months before elections generally benefit and make most use of our
best intraday tips which finish with profit by 11 AM every day.
In the lighter tone we have this
Video which shows how govt tries to arm twist the central banks to print more money and get into a vicious cycle.