Markets close to a turnaround below 5200 but there is no rate cut

Unless of course there is more news to follow, nothing is news and that means around 5150 Bears should have had enough, just thinking loud. 

Inflation CPI was 8.8% and WPI in March should be more than 7% Glad to see the 8.5% yield levels are an upward target for the brokerages as well, with rate cuts not the best on the charts for the APril Policy, IIP, Q4 GDP and Services data are unlikely to be a big positive for the markets either but a few birds that do no tbelong to the Aviation industry could flyt to eas the turnaround day rally. Unfortunately the indian meling Pot has quite a lot of political pickle thrown in and that could (sic!) again throw off the cooking a little bit.

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