Friday, March 16, 2012

Two numbers: 5341 and 5402 are important on Budget day

NF Daily Chart
 Today if NS hourly @ 10-00 am closes below 5341 which is R1, then go short and target will be 5268 and on the otherside if NS will close above Day pivot 5402, then go long target 5523. Expect lot of volatility around the day.

Our pragmatic Fin minister should not dissapoint corporates as well as fill the common man's pocket with lot of cash keeping in mind about the fiscal deficit alog with derailed growth of Indian Economy.


TT Data has been updated.

Before Trading please see the Golden Rules and TT Data
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1 comment:

  1. AnilEttigiMarch 16, 2012 at 9:20 AM

    Somak it is S1 not R1.
    Since this budget is populist budget it will be benefit for the Salaried ppl and others. I hope, it wonot give much benefit to the corporates. hence we can expect Low only. But there will be more duty on the corporates, I guess. Lets see..

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