Indian Markets to trade cautious ahead of RBI monetary policy - Cholamandalam Securities

Markets slumped for fourth straight session as investors braced for the central bank meeting with caution.

Trading was also on a cautious note ahead of Federal Reserve, the European central bank and Bank of England meet later this week.

Among sectoral indices FMCG, metal, PSU, realty, banking, and power dropped while auto sector gained.

Markets are expected to open on a flat note amidst mixed global cues. Markets to trade cautious ahead of RBI monetary policy scheduled today.

Nifty after testing its resistance near 6100 level as expected, is showing some weakness. The index could retreat downwards. The immediate support levels are pegged at 5870 and 5750.

Source : Equity Bulls

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