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

Gap up possible in Opening 5450 is crucial-below 5392 is downside

NF Daily Chart

Gap up or gap down possibility and therefore a fast Rise and Fast Fall possibility in Hourly chart, when 100 SMA crosses 200 SMA fast rise and 20 SMA crosses 200 SMA then Fast Fall.

NF Hourly Chart

In the above hourly chart 

Green =>200 SMA

Red  => 100 SMA

Blue  => 20 SMA

Downside possible if NS breaks 5328

NS Google Chart-Daily

Yesterday was a choppy session. Nifty closed below all Hourly High EMAs. Possible downside if NS closes below 5328 which is yesterday's low and upside possible if NS closes above 5386.
Downside target may be 5304 to 5268 and upside target 5407 to 5455.


TT Data has been updated.

Before Trading please see the Golden Rules and TT Data

Today a gap up opening is expected, trading above 5372 can take NS to 5437

NF Daily Chart

Yesterday Nifty Spot closed at 5340 which was the DLEMA for yesterday. There is high possibility of a gap up opening and NS may open above 5372. If NS will hold 5372 hourly basis then possibility to catch today's JNSAR is very high and NS may touch 5437 also. This correction will be over then and NS may target 5608 within next few trading sessions. SL will be 5340 for this long trade.

Nifty Spot to retest 5292-5306

NF Daily Chart

Nifty may retrace upto 5306 which is 68%  fibo retrace of 5638-5268




TT Data has been updated.

Before Trading please see the Golden Rules and TT Data