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BANK NIFTY DOWN:-575.55
PERCENTAGE: -5.74%
CLOSES AT: 9450.85
BANK NIFTY IS DOWN 575 POINTS. DUE TO RUPEE AT 62 AGAINST USD. STRONG USD IS INCREAING CAD OF INDIA SO THERE IS FEAR OF CREDIT RATE CUT. FUTHER BANK NIFTY IS EXPECTED TO BE DECLINE.
STRATEGY FOR BANK NIFTY IS TO SELL BELOW 9430 AND TO BOOK PROFIT AROUND 9280 WITH SL OF 9584.
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