Wednesday, February 27, 2013

28/02/2013 Trading View

Nifty made a low of 5749 high of 5818 and closed at 5796 which is 35 points up from previous close.

Nifty made a inside bar candle which is in decisive.

As today is Budget day we can expect a lot of volatility.

On breaking of 5750 it will go towards 5555 and in upside breaking of 5820 will go towards 5970 and further.

As today is expiry day we can consider buying 5900 CE and 5700 PE both will cost Rs20 hold it till end the risk is only Rs 20 .

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