What could happen if Budget fails to Hold investor sentiments?
Updated
We are running in Pre- budget season and everyone have become technical analyst , But in order to maintain the drive there has to be significant correction in the Stocks also indices readings
its again depends on Government decision how they will look ahead of Spending , if Government decides to move with pro Poor budget then we will likely jump form this level to 11000+ and before end of 2019 we may see 12500 , if there is disappointment in the Budget then the matter can be very little conservative corrections and then everyone will adjust with Budget decision and then move on
I am trying to indicate same in the arrow marking , Lets see how it unfolds in near feature
Kimara
its again depends on Government decision how they will look ahead of Spending , if Government decides to move with pro Poor budget then we will likely jump form this level to 11000+ and before end of 2019 we may see 12500 , if there is disappointment in the Budget then the matter can be very little conservative corrections and then everyone will adjust with Budget decision and then move on
I am trying to indicate same in the arrow marking , Lets see how it unfolds in near feature
Kimara
Trade closed: target reached
Well Technically target reached , Now its do or die Situation for NIFTY either it will go up without seeing back or it will hover in the same range until the budget gets over Lets see how it unfolds
Note
Brake of current low can lead to 10144Note
did you miss my update ?? ha ha , No matter how the news comes , but we know what exactly going to happen , How interesting it is , I have placed this chart exactly 1 Month before the Budget , but no one have noticed until it started cracking , everyone was buying before the budget , wonderful people they ware just buying form professionals before the budget and now they are selling to professionals at low , and same thing will repeat , Prof will take the price up and retail will buy at high , this has never changed from decades, and it will remain like this onlyNote
Made low as 10176 in Spot , Tomorrow i will be looking for one more drop and then Few days of side waysNote
Well made to my levels so far Good GoingNote
Expecting next week it will make 9850 and will prepare for Major Buying sessionsNote
Well its been behaving as per anticipation , lets see it makes an strong reversal near 9800
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