MY VIEW
Today nifty closed at previous close level. Past three days was closing around 4530 levels which shows market is waiting for a breakout.Towards which direction is a puzzle.To my knowledge there are two reasons; 1) As the budget is expected to be a growth oriented budget, we can say market may move upwards.2) As there was a huge gap up opening which is not yet consolidated, we can say market move downwards for that consolidation. To my mind I feel market will move downwards because the gap up opening is not yet consolidated.I am waiting for 4100 levels to take in the pre-budget rally. Let's watch what happens.
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