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NIFTY DAILY - A HALT

Nifty closed in red at 5054 losing 67 points on the board.The bull halted on account of the inflation impact,but still they are abreast with the trend.As said yesterday,big events have been lined up ,the RBI is coming with the Rate cut policy,if they disappoint then we might see the short term trend changing to bearish.The markets strongly need a stimulus  to move ahead ,also the fundamentals aint been much convincing,also the earning season was a flop show,in such circumstances,markets need catalyst to remain in good tone.
                If the Apex bank comes out convincingly ,we are likely to see nifty around 5400 levels,further 5600 will also look like an approachable target..We just need to wait for the results to come out understand them and react accordingly.With today's fall nifty adjusted itself with the current monetary state.
                                                                                       I still maintain buy on dips  since correction will increase the profit margin.The markets have managed to stay afloat the 40 DMA levels adding sustainability to the existing trend ,if in case it violated ,comes a warning of possible short term trend change

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