BUDGET DAY EVENT MOVEMENT NIFTY ANYLASIS..
last 3 week nifty in same range…..
last 2 week nifty was in range 7245-6955
one interesting 2ndweek of feb nifty range was 7535-6875
what it indicates… again on budget day we have clear one candle expected… which will be almost same length of move…660 pt nifty move on budget day very interesting high volatility expected… every 2 hrs nifty will strugle to handle its move either up or down with sharp movment..
current phase it indicates we have 7245 stiff resis of last 2 week.. support last 2 week 6955 so if break 6955 we will direct drift toward 6875 -6710-6660
also if nifty cross 7255 nifty will next resis will be 7378-7434-7511
conclusion what those who are holding long…. should book near 7240 higher risk of profit to book max toward 7378
for budget day trade… for short sell in 2 part 7240-7440 sl 7530 tgt 7040-6950-6860
for budget day trade for long buy in 2 part 6880-6750 sl 6650 tgt 7240-7440
only trade to be place before mkt volaitility will be able to trade…..