Friday 25 February 2011

Nifty Outlook for Budget Day

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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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