DIFFICULT TO SPARE NIFTY FROM STOCK MARKET REACTIONS TO CORONA VIRUS. MAIN QUESTION CAN BUDGET HELP NIFTY? PITCH FORK NICELY CAPTURING THE TREND OF NIFTY. AND TREND LINE?
LAST TWO DAYS NIFTY OPENING ABOVE THIS TREND LINE AND CRASHING. WITH RISING FISCAL DEFICIT HOW MUCH SCOPE BUDGET HAS TO RATIONALIZE PERSONAL INCOME TAX IS REALLY A QUESTION. LAST TIME AFTER BUDGET DAY WE HAD WITNESSED REVERSAL OF STOCK MARKET FROM BULLISH TO BEARISH. CAN THIS HAPPEN THIS TIME TO TURN NIFTY TO BULLISH(AGAINST GLOBAL REACTION) ? UNLESS NIFTY CLOSES ABOVE SLANTED TREND LINE NIFTY LIKELY TO DRIFT TO LOWER LINE OF PITCH FORK. DEFINITELY IF NIFTY CLOSES ABOVE THE TREND LINE THERE WILL BE REVERSAL OF TREND. SO WATCH CAREFULLY AND TAKE POSITION. HAPPY TRADING
Comment
⋅
FOLLOW ME TO GET SUCH IDEAS. LIKE THIS POST IF IT HELPS YOU