Nifty in Budget Week

 

As per weekly movement Nifty will either move sharply up to  8000 or will touch 7200 in three weeks. It seems very difficult that Nifty will touch 8000 as it is testing the trend line but we should always remember we are in very strong up move since "our new aachhe din"

Nifty is testing 20 DMA on daily bais, this may allow Nifty to bounce, at least for two days, till Budget day. Closing below 7600 on daily basis will only make bears strong.

Possibilities of movement in both side is equally strong, though on technical basis Bears have upper hands and Bulls are strong at hearts.