Thursday, February 21, 2013
Budget Impact on Market: Nifty Trend For Today
Today Market open with a selling pressure. Nifty fell more then 30 points and sensex gone 100 points down in early trade. In yesterday's trading The BSE Sensex closed on a flat note with no fresh triggers. Further, the upward movement of the market was capped by limited participation from the domestic investors. The market has been in a consolidating phase for sometime now with mostly lower grinds. All eyes are now on the Budget session of Parliament that will kickstart today.
Nifty Trend Today
Nifty closed at a flat note in last trading and looking in a weak trend today. So today 5870 level would be a strong support today. On upper trend Nifty has a strong resistance at 5970 level. Nifty is in bear zone. So today if nifty is below 5875 be very alert and better avoid any longs and until a strong move above 5970 better stay away from bull side.
Will the Budget set the stage for an upward run or will the grind continue? Click Here To Know