Friday, 25 February 2011

Nifty Outlook for Budget Day

Today Nifty provides an excellent opportunity to go short. Monday is the budget day, and going by the technicals, we recommend to hold short in Nifty with SL@5430 on closing basis. Predicting Nifty on D days are risky, however we feel the markets have the potential to head lower on monday. We are holding short on Nifty with the said SL.

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