◆ Nifty index opened gap up and remained positive for most part of the session. It saw a sharp decline below 17250 post budget announcement but it was followed by a quick recovery and it closed near 17600 zones with gains of around 240 points. It formed a small bodied Bullish candle on daily scale with long lower shadow indicating declines were bought in smartly. It has been forming higher highs from the last three session
◆ Now it has to hold above 17500 zones, in coming days Nifty buying zone 17600-650 and move higher level can sell at 17900-18000
◆ Now it has to hold above 17500 zones, in coming days Nifty buying zone 17600-650 and move higher level can sell at 17900-18000