Today Nifty is expected to trade in the range of 4,785 & 4,835 in the upper side and in the range of 4,715 & 4,655 in the lower side. Yesterday (Thursday) the markets remained volatile and recovered significantly in the last trading hour to close with only moderate declines. Focus for today will be on the RBI`s mid-quarter monetary policy review. After weak IIP numbers and high inflation data, it is widely expected that RBI could soften its stance and could look forward toward monetary easing now or in the near future.
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