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Pre Budget Nifty on Technicals

banknifty/nifty February 28, 2016 5:05 pm 2 Comments

Nifty Spot Trading its key decision making area, which decides its long term positional trade.

As we told you in our previous post.

We keenly looking for 7053.90 (7055 roughly) levels on Nifty spot, May be served as a Line of Control between Bulls and Bears.

Just watch

Nifty Spot LoC closing basis 7053.90

LoC

Nifty Spot LoC closing basis 7053.90

High probability Bulls may control short term command for near term after budget.

If prices manage to trade above 7053.90 ……. We are looking market may test 7234 …..then upto 7351.

In downside means only below 7053.90 maintain price (Stoploss for bears )may enter in severe panic and can test 6576 in short term.


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