Banknifty closed on the previous day @ 31,589 .. according to my calculation the Banknifty index will move in the following range on Thursday: 31,300 on downside and 31,888 on the upside levels
Its already down 0.5 percent by now on Banknifty... once the RBI announcement is made, it can go down another 0.5 % saying it did not meet expectations.. .. after that whatever happens.. happens.. !!!