Wednesday, March 7, 2012

Nifty at 200 SMA

Nifty touched 200 SMA and jumped from 5171 level. Now it is very interesting to look for consolidation before budget. Budget as per expectation may be not very pleasing and market may react overly on it. World market is not very promising after last day fall. So any upmove will be triggered only after RBI policy and budget. I am negative till 5050-5070 level or till 5356 is safe from bulls.

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