Tag Archives: budget 2015

Nifty On Budget Day – Why 8875 And 8690 Crucial?

Union Budget 2015

Budget offer on trading systems at bottom of this page.

Before analyzing Nifty on Budget Day 2015 and readers first to remind you what I have written in my last analysis of Monday. If you have missed the post please read it here.

I have clearly written aggressive traders may try shorts in sudden intraday rallies, with SL above 19th February’s high, i.e. 8913.45 and go for targets 8744-8692-8640. YES, 8744-8692 got achieved. Could you short it or just watched from the sidelines.

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Nifty Next Week And Our Budget Offer On Trading Systems

Budget Day Offer

Budget offer on trading systems at bottom of this page.

Nifty has reached its overbought zone and closed below its 3-day exponential moving average (8845.64). Price close to upper bollinger bands and short term stochastics indicator has given bearish crossover. Last week I clearly told to play longs in sudden intraday dips and time and again that strategy worked. But, definitely no new longs please now.

Nifty aggressive traders may try shorts in sudden intraday rallies, with SL above 19th February’s high, i.e. 8913.45 and go for targets 8744-8692-8640