NIFTY 50 VIEW
Nifty 50 (8561)
Nifty can show both side move as the govt will announce the annual budget.
The positional trend is up with the support of 8270..8300 but the short term trend has made a bearish engulfing with a bearish pattern of M in short term charts.
If nifty trades below 8500..8540 zone it can slide to 8420 ..8390 zone.
If holds 8540..8500 zone it can bounce back to 8600..8640 zone.
Nifty 50 (8561)
Nifty can show both side move as the govt will announce the annual budget.
The positional trend is up with the support of 8270..8300 but the short term trend has made a bearish engulfing with a bearish pattern of M in short term charts.
If nifty trades below 8500..8540 zone it can slide to 8420 ..8390 zone.
If holds 8540..8500 zone it can bounce back to 8600..8640 zone.
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