Update as on 27 Feb’13

Will Nifty continue to upmove? 

Answer is not sure. But Yes, for sure Nifty will continue to surprise you. If you are trader, day trader than you must be having an experience that on budget day what could be volatility, if you cannot digest it, please stay away for day or two. For me, as of now trend remains weak, though we witnessed bounce today, I will turn my attention on long side only if Nifty spot moves and close above 5875, below which I see every rise as a selling opportunity. But don’t forget to keep stop losses.

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