18th Sept is the FED news date, which is today. If FED cuts the interest rates which is what most traders are anticipating, then indian markets will be the ones which be benefitted the most out of it.If FED keeps the interest rates unchanged, then a small correction and then a small rangebound movement is expected in Nifty; and if FED raises the interest rate which is most unlikely to happen, then expect good correction in Nifty and a rise in USD is most possible situation which is possible.
Even the americans are expecting rate cuts and FED has no choice other than to cut the rate,since stock markets will be effected the most if rate is not cut.
I would be happied to buy a straddle in SBI today and expect good profit tomorrow.
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