RBI Policy

The Reserve Bank of India is widely expected to cut rates by 25 bps tomorrow. The markets have rallied a bit on this expectation. It remains to be seen if this happens in reality.

Nifty to resume uptrend after Stochastics goes into buy

Nifty is currently correcting and filling the gap that was formed a couple of weeks back. It will resume sharp uptrend after Stochastics gives a Buy signal. MACD is placed in the positive territory even now. A Buy signal will be a good boost at this point.

Chart courtesy: Yahoo Finance

Trading and Investing factors

 Factors for the day

• Dow, Nasdaq and S and P futures moderately up
• Rajoy spells out budget cut details amounting to 65 Billion Euros to fight crisis
• Peter Sauer, BofA executive and ex-Hoops star dies
• Europe markets down on Earnings worries, Asia markets swinging between losses and profits
• Profit warnings from US companies

Today's factors for Trading and Investing

Factors for the Week and Today:

• September Index futures take a hit - DJIA (Dow Jones), S&P, and Nasdaq all down at 4 AM 
• Spain gets ready for a third austerity measure round as the Spanish Prime Minister Mariano Rajoy hints at such a development
• Euro and shares under pressure
• June Quarter Earnings in focus
• Internet blackout on Monday?
• China demand falling (indications from Inflation)
• Emerging markets under hug pressure, big drops