17/06/2013 Bank Nifty NSE BSE Tips || RBI Mid Quarter Policy come on Monday

RBI Mid quarter monitory policy may be come on Monday 17^th June.In which we assume that RBI may be cut in CRR rate by 0.25%, it’s directly effect on Market basically on bank Nifty. Bank Nifty the Broader index for banking stocks, rose more than 2% to the closing day of that week on Friday at 11,909 up by 222 points.

In a down session Bank Nifty dropped nearly 5 percent compared with NSE benchmark index CNX Nifty that was fall around 3 percent. But after coming RBI Monitory policy in which it cut Cash Reserve Ratio or Repo Rate that it increase in its previous policy so now expectation is that Bank nifty may be goes down by 4-5%.

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