Bank Nifty idea for Positional

Stay Long Positional
buy banknifty at cmp
with stoploss 49650 and target of upto 51500
holding for this month

*RBI credit policy Update: Repo Rate*

Reserve Bank of India maintained status quo on benchmark rate as per market estimates.

Current: 6.5%
Expected: 6.5%
Previous: 6.5%

(The policy guidance from RBI governor would be important as maintained key rate unchanged)