The Nifty50 dipped 0.4% for the week but closed May with a 1.7% gain. Key resistance levels were validated, while time-based forecasts accurately predicted intraday reversals. Traders should watch June 2 for potential trend shifts, aligning strategies with resistance/support zones and time-based triggers.
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,