1-7-2009 trading: The week trading shows that markets are creating some euphoria to the event of BUDGET. Nifty took support at 4250 zone and closed in + ve at 4341 +50.
FII data is - ve but some buying in cash. F & O data is balanced. Option writing is also balancing. Global cues are + ve. SGX nifty is +ve.
Present the market direction is 50-50. Nifty short below 4300 stop loss 4350. Long above 4350 stop loss is 4300. As premiums are very high one can get good trades after budget event. Let us wait.
FII data is - ve but some buying in cash. F & O data is balanced. Option writing is also balancing. Global cues are + ve. SGX nifty is +ve.
Present the market direction is 50-50. Nifty short below 4300 stop loss 4350. Long above 4350 stop loss is 4300. As premiums are very high one can get good trades after budget event. Let us wait.
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