Nifty setup, on the other hand, is still looking attractive as the put writers are still there at 17,900, 18,000 strike, so that clearly suggests that on the Nifty front confidence is still there for 18,000 support area. Though on the higher side, 18,200 has witnessed aggressive call writing, so that level is very challenging for the Nifty to breach in the near-term.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,