RBI has given temporary relief to financial & equity markets by not hiking interest rates & easing liquidity by SLR & bond purchases. This has given some very short term boost to both the markets. But in TrendCalls Team view inflation will remain the primary target for RBI even if little growth is given off. Till now markets have been avoiding all bad news & are still hovering in the plus minus 5% zone of new highs. But in our view markets seems to be tired or will do long time consolidation or be in sideways movement for quite some time now. Dollar Euro & Yen movements will definitely influence our markets. The leadership was provided by bank stocks which are waning off & autos too will remain jittery from interest rate scenario. The only sector on out performance remains IT, but till when can it outperform?
Views Given By TrendCalls Team
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