Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Nifty future Intraday Observation- Budget 2015 Special

44 sec read

nifty budget 2015
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Hurdle 8935-8948 zone

Sustain above this gates open for 9100/9150 
Support zone 8880 below which yesterday low is next crucial levels.

Much awaited day of union budget 2015 is here, and markets closed on a highly positive and bullish note on friday’s trading session.

Nifty recovered all the correction made during the first four days of the week on friday’s trading session. After opening at 8769 it was just a one way move slow and steady and picking up pace in the later half of the day making intraday high of 8900 and the closing at 8889.95 almost near the highest point of the day.

For day today nifty future if remains above 8900 the hurdle of 8948 is the crucial level to watch and any positive surprise from finance minister today will push markets higher towards 9100/9150. From chart above we are near the breakout zone of the trendline so avoid making short positions till levels do not confirm and if holding long maintain strict stop loss in your open positions.

 

Discloser: Holding Longs in nifty around 8800 lvls (avg)

 

Note: We at www.wealthcreator.co trade nifty future positional and short term on our given recommendations. leading upfront with our own funds. Interested traders can contact Email : [email protected]

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

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One Reply to “Nifty future Intraday Observation- Budget 2015 Special”

  1. very difficult to trade such volatile day. I think 9000 would be the major resistant according to option data.

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