Trade Setup for February 6: Nifty respecting support zone but risks another leg down

All eyes tomorrow will be on the Reserve Bank of India’s Monetary Policy Committee, as they announce their first policy decision of 2026. More than the repo rate action, which is most likely to be a status quo, the focus will be on the MPC’s liquidity management stance and future outlook, particularly after the trade deals signed with the US and the EU.

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