Banknifty

The global market indicates slightly negative start. As per the structure, the market nature is bearish to neutral.The main event in the market today is the RBI MPC (10.00am). Hence, there is a high probability that the market will move based on that event. But technically we say market may open neutral if the market takes support around (BN-43031) then we will expect a pullback. On the other hand, if the market takes sharp correction, then we will expect correction continuation.