NIFTY FUTURE WEEKLY OUTLOOK
(12/03/2012)
Readers would have made superb money in Nifty last week.
Readers would have enjoyed the longs in VOLTAS too as the stock shot up from our entry level.
Trading Strategy for the week:
This week nifty will be ruled by Budget.
There is no technical analysis which will work in front of Union Budget.
Market will first react to CRR rate cut on Monday.
It is going to be a roller coaster ride for traders this week.
Ideal Trade for this week:
There is no ideal trade.
Budget session will start on 12th. Finance minister will present the budget on 16th March. Railway budget will be on 14th.
Readers are well advised to look at retracement levels printed in chart (chart only for subscribers) above to undertsand reversal levels of market.
If the budget is interpreted as good my market, Nifty will rocket to 5620, 5700.
If the Finance minister decided to rock the market, Nifty will crack to 4950.
Pivot Levels for Key Stocks:
How various stocks will react to budget. What are the key levels to watch for?
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STOCK OF THE WEEK - ?????
On railway budget day, watch for ???.
Buy the stock when it pulls back to 580 – 560. Keep SL of 500 on closing basis.
If the railway budget is good, Stock will move to 660 and 720 in no time.
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For other stocks refer table above for trading during the week.
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