DEC.11 DECseries Day.8 BankNifty=12344 (-37)
In DEC series, BankNifty (5U3D) closed like this:
UDUUUDUD
The Expected zone shrinked to (12700~12200) from (12800~12100) .
The present position of Bank Nifty is also indicated .
Repo (Repurchase) Rate
Repo rate is the rate at which banks borrow funds from the RBI to meet the gap between the demand
they are facing for money (loans) and how much they have on hand to lend.
If the RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate;
similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate.
In DEC series, BankNifty (5U3D) closed like this:
UDUUUDUD
HTML:
We follow the PUT and CALL windows with the boundaries, as :
DAY LOW~HIGH
========= =========
1 to 6 (FRI~FRI) 40Rs to 400Rs
7 to 11(MON~FRI) 35Rs to 350Rs
12 to 16(MON~FRI) 30Rs to 300Rs
17 to END(MON~THU) 15~25Rs to 150~250RS
This is not based on ANY formula , but on just observations of last few days.
The present position of Bank Nifty is also indicated .
Repo (Repurchase) Rate
Repo rate is the rate at which banks borrow funds from the RBI to meet the gap between the demand
they are facing for money (loans) and how much they have on hand to lend.
If the RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate;
similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate.