In the last few days we have seen that the Nifty is trading near to the trendline and between the traingle pattern. Volumes in the markets have been drastically come down. RIL is once again is in the process of merger of RIL & RPL. RPL share holders will get 1 shares of RIL for every 16 shares held in RPL. Merger will be effected from April 1st.
Three GDP nubmer came in 5.3% v/s 8.9% a year back. The inflationfell drastically and came in at 3.36% v/s 5.66% a year back. Thus the fall in the inflation, further fuel price cut and dwingling growth figures should force RBI for another round of rate cuts, sooner or later.