No change in RBI rates, but markets stay positive

Blog meant for 5 October Thursday 2017

Dear Friends,

The slow uptrend has continued for the Nifty today. It closed 55 points higher at 9915. Right from the beginning of the day, it was positive since the Asian markets were quite positive.

As of now, the European markets have closed with mixed indications and the US markets are marginally positive.

The markets were waiting and expecting a rate cut by the RBI. An interest rat cut is usually done to make loans cheaper and hence kick start the money flow in the economy and thereby improve the overall situation of businesses since loan EMIs will become slightly lesser and new loans for various activities can be taken by individuals and companies.

However, the RBI has decided to keep the interest rates unchanged and hence initially once the announcement was made, the markets fell a bit. But within a few minutes recovered to close quite strong.

Nobody knows whether this is a rally within the correction that took place towards the last part of last month or is it actually a rally in a bull market. Whatever it is, markets are at life time highs and hence there is always chance of fall.

The technical analysis is as follows for short term –


JUST BUY –  HDFC,  (See the global cues in the morning and then decide to Buy

BUY – RELIANCE (See the global cues in the morning and then decide to Buy





Dr.Bharath Chandra & Rohan

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(The above comments are only the personal views of the authors of this blog. Please do your own research before taking any investment decisions. The reader of this blog must understand and take full responsibility for the Profit or Loss made by taking actions based on the above views)

About the author

Dr. Bharath Chandra

Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.

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