WPI Inflation falls to 8.39% in OCT 2022 compared to 10.7% in SEPT.
#NIFTY50 and #NIFTYBANK Reacted positive for this news but it is a very small reaction. Markets are not showing interest in moving higher levels because of CPI data fear.
Nifty should hold 18,300 and bank nifty Bank should hold 41900 to stay positive.
India VIX is up more than 3% because of CPI data fear in markets.
RBI and Markets are expecting below 7% CPI ( Inflation). If CPI comes more than 7%, Negative for Indian Markets..
If comes below 7% as expected, Indian Markets expected to follow Global Markets.