NIFTYBANK - AMRIT KAAL?

Nifty bank, the first major event post budget comes from the Monetary Policy meeting. Post the budget it is the bond market aka the yields which sent the wielding influence. It would be interesting to see the path to address these concerns while not compromising the inflationary high decibel pitch. Overseas cues not helping the EM space. Thus more consensus on global inflation would hurt EM more than the others (there is less reason not to be as Commodities continue at a decade plus high). The big range is 38100-39100 thus difficult to pick up healthy Risk Reward Trades on an event like this with a back drop like this. Bias to the bulls above 38100 while caution warns around the 39100. Lets wait for one more day close to see how this unfolds.