Today is a crucial friday, where both Inflation & IIP numbers going to be out.
Where markets can trumble due to large pressure in Inflation & IIP numbers,
"Monsoon situation seems to be as the meteorological dept has predicted. The IMD has forecast normal monsoon. As of now the expectation of the monsoon has been encouraging," said Rakesh Mohan, Deputy Governor, RBI.
IIP numbers can fall to 6.5 & Inflation expected to 11.7%
Thus markets face heavy resistance in near market.
Inflation is troublesome worries which give large amount of resistance in IIP numbers to sustain previous levels..
Thus its been trouble for coming weeks...
