Capitulation and Volatile ...
The best days that a trader always awaits huge quantity and 30 point gain . Well that was the mantra for today. Comming to the point Monday is the most awaited event for Entire India and more important from the market point of view. As far as budget is concerned I don't think much is there for the corporates but it will be a cheer for the common man.Market too will be much volatile.So if you want to protect your capital and make profits then just manage the SL. On the budget day much will depend on SL. So be quick to place a SL and also be quick to book out. And the best Strategy not to trade. Well that's the think we cannot do.
For Monday too resistance lies at 5347 NF and above it a sharp run up till 5420 can bee seen. Later the market may decide.On the down side we have seen much capitulation today and that embarks that currently we are done with the lows.Any how a break below 5265 again may invite panic till 5175 - 5050.
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