The NIFTY has had very narrow trading days for the past few days indicating clear uncertainty and lack of direction ahead of the Union Budget on Feb 1. Although the Union Budget is expected to be fairly market friendly, the hesitation in the market (clearly visible on the daily chart) points to a near term shorting opportunity - Target 8300.
Comments
sachinbhushan
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Just because it's range bound doesnt mean market will fall. What is the technical analysis to support your view?