**RBI MPC : RBI cut rates by 25 bps to 6.25% in February policy meet

Reserve Bank of India: GDP Growth Estimates

Current: 6.4%
Previous: 6.6%

Reserve Bank of India: Inflation Estimates

Current: 4.8%
Previous: 4.8%**

RBI cuts repo rate by 25 bps

Nifty (Cash) Technical: On Upward Side Nifty (Cash) 23627 - 23655 Will Act As Major Resistance Zone. Fresh Short Covering Possible Above This Zone On Downward Side 23421 - 23340 Will Act As Major Support Zone. Trading Below Will See Some Profit Booking…

Nifty (Cash) Technical UPDATE: On Upward Side 23660 - 23735 Will Act As Major Resistance Zone. Fresh Relief Rally Possible Only If Nifty (Cash) Manages To Close Above This Zone.

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Witnessed Profit Booking Vicinity Of Resistance Zone. Nifty (Cash) Registered High Of 23780 Unable To Cross Resistance Zone And Witnessed Profit Booking. *On Downward Side 23367 - 23276 - 23166…

**MCX Crude Oil Technical:

On Downward Side 5804 – 5788 – 5733 Will Act As Major Support Zone. Fresh Supply Pressure Possible Only Below This Zone.

On Upward Side 5887 – 5906 Will Act As Major Resistance Zone. Fresh Relief Rally Possible Only Above This Zone.

If MCX Crude Oil Manages To Hold Support Zone Of 5804 – 5788 And Manages To Cross / Close Above Resistance Zone Of 5887 – 5906 Will See Fresh Relief Rally For Possible Upward Range Of 6055 === 6100 === 6180.

If MCX Crude Oil Unable To Cross Resistance Zone Of 5887 – 5906 And Manages To Break / Close Below Support Zone Of 5804 – 5788 Will See Fresh Supply Pressure For Possible Downward Range Of 5646 === 5590 === 5496**

**Nifty (Cash) Technical:

On Upward Side 23474 - 23557 - 23634 Will Act As Major Resistance Zone. Relief Rally Possible Only Above This Zone.

On Downward Side 23367 - 23276 - 23166 Will Act As Major Support Zone. Trading Below This Zone Further Supply Pressure Will Continue.**

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Managed To Hold Support Zone At Oversold Area And Trading Above Resistance Zone Of 24125 - 24213 And Likely To Give Close Above It *After Vertical Fall From 26277 First Sign Of SHORT TERM Trend…

Nifty (Cash) Technical UPDATE: As Expected Nifty (Cash) Managed To Hold Support Zone At Oversold Area And Trading Above Resistance Zone Of 24125 - 24213 And Likely To Give Close Above It *After Vertical Fall From 26277 First Sign Of SHORT TERM Trend…

**Nifty (Cash) Technical:

On Downward Side 24266 - 24189 - 24122 Will Act As Major Support Zone. Fresh Supply Pressure Possible Only Below This Zone.

On Upward Side 24378 - 24418 Will Act As Major Resistance Zone. Fresh Upward Momentum Possible Only Above This Zone.

If Nifty (Cash) Manages To Hold Support Zone Of 24266 - 24189 - 24122 And Manages To Cross Resistance Zone Of 24378 - 24418 Will See Sharp Short Cover For Possible Upward Range Of 24817 ===24951 === 25052**