Skip to main content

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.

Comments

Popular posts from this blog

Letter from Praveen Pathiyil

Dear friend, After a span of 4 years in minting money and establishing Pentad and Dalal Times, it's time for me to back with sharing knowledge. Earlier, I have been sharing my analysis on Nifty thrice a day, now I will be sharing my analysis on Nifty, Global Indices, Stocks, Commodities, Economy, Key Events and so on. Over the past 4 years, apart from creating wealth from markets, I have also been consistently upgrading my knowledge on analyzing the markets. Starting 17th August, 2015 this blog would be active with enhanced knowledge sharing. Stay tuned to earn, learn and understand markets better... your market friend & forecaster Praveen Pathiyil