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If RBI does indeed cut rates by 25 BPS,how much % of a fall/rise should we expect tomorrow?
Since markets have already priced in the rate cuts,if there are no rate cuts we would definitely fall but if there is indeed a 25bps rate cut,I personally think we would go back to 22800 levels as it’s not aggressive enough to change much of our current situation. In case we get a more aggressive cut i.e 50bps or more we can definitely expect a rally towards 24000. What do you guys predict?1
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