Nifty corrected sharply from it's all time high of 7800 to 7550 levels in just 2 session after noting special announced in Railway budget which trimmed high expatiation from Union Budget, Mid caps corrected more sharply then front line stocks.
With this fall in Nifty our view become more bullish in Nifty now, We are looking at this fall as a correction for more strong and sustainable up move in coming days,
Over all according to the levels Nifty has strong support @ 7550-7500 levels for short term and 7100-7200 for medium term, and on up side our short term tgt for Nifty is 7900-8000 which we are more confident now.
We are looking at this fall as a very good buying opportunity despite concerning what Govt. gives in Union budget, We are more bullish on PSU Mid cap Banks, Power, NBFC and Infra stocks.
For today there might be sharp volatility both side due to event and that's why support and resistance levels may or may not work for today, but see this view as a overall view and position your self accordingly, and better to avoid fresh trading today.
Our view is clearly buy in dip for tgt 8000 zone.
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
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