Market Outlook for 29th February, 2016

Nifty Spot:

Today I don’t like to neckout and give trading Levels as Market will have high volatility due to Union Budget Presentation.

Better to stay away from this volatility and take a view for trading after market assimilates the Budget proposals.

Having said that, Nifty Spot Level of 7190 is very crucial and if market manages to close above this level after presentation of Budget, there is a higher probability of Nifty testing 7500 in next few days. Failure to close above 7190, could drag the Index to 6650.

Trade Well !!