-ALL LEVELS MENTIONED ARE NIFTY SPOT
In the rare case nifty gets coz of budget than the nearest support is at 10800 shown by a thick red line , plz do not attempt any trades on test of 10800 its a support line but market trend is very so at 10800 we will have the fight of bulls and bears ----stay away from trading on budget day and also stay away from trading near 10800 whether on budget day or any day in 8 trading days.
TRADE SETUP---case ifty breaches 10800 and starts sustaining below it on budget day or in coming days the next good support is at 10400 zone(10430 -10370 spot a green line marks the mid of and a ellipse marks the area we are looking for entering longs in nifty .iff nifty manages to reach this zone-- positional longs can be created ----stoploss will be 10342 spot -trgs for the trade if active will be 10540 spot , this trade needs needs lots of patience and has a good chance of doing well .
2 this is a Positional setup -carries overnight risk .
3 Those having less capital 50000-1lakh rs plz do not trade this setup
4 the setup assumes your average cost in terms of nifty spot price will be 10400 ......which means this is best suited for those who trade with multiple lots who can buy in staggered manner,
vonsequently the risk will increase in same way...
5 plz do your math ---thisis must ....say if you are trading 1lot in nf, and you enter on upper ramceof setup 10430 spot ....your risk is some 90+points , 90 *75 ......consider carefully whether its worth it ....
More math----all levels are nifty spot plz adjust for diff of premium or discount
Like any setup it us equally possible this may not trigger at all .....price might move higher from 10700,10600,10500,etc ....specially the last case ....plz do not buy unyil the precise levels are reached......i will be checking nifty and in case there is any small change in lvls i will update it well in advance here in comment s....thank you