Hi All,
The D-Day
On the decider day Nifty is likely to open
on a flat to negative note, thanks to the global cues and SGX Nifty, which is down
by around 20 points.
As posted on Friday, Nifty created a Hammer
like pattern on Friday and the same will be confirmed only above 7052-7060
levels.
On the lower side the recent swing low of
6950-60 will be crucial to watch out for and below that 6850 will remain last
hope for bulls.
Traders are advised to take even intraday positions
on either side with strict stop losses as markets are expected to be choppy on
account of the Union Budget 2016
The opening trades and pre Budget moves can
be misleading so it is advised to take trades when the markets settle.
Cheers
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