(While updating Nifty Fut trading around 11090)
Everyone is talking about budget… After budget will the market go up or down??
Let’s see technical chart & about news!!
If the market goes down too much, there will be only one message
LTCG (Long Term Capital Gains) Tax will be introduce!!
Technically….. Nifty Future is consider strong support around 10985
Bulls…. Your’s all longs keep stop-loss of 10985. Below the level
Finding next supports 10775 & 10660……. and 10400
If introduce with high tax in LTCG……….We see 10050 also!!
Suppose no matter in budget (normal budget)…….. Nifty Future will go & test 11200 & 11400
But higher levels likes 11200-11400……. Profit booking will come
Advice to all kind of traders… Trade low quantity & with keep proper stop-losses!!
Small investors……. Better to stay away!! & trade after clear trends!!
It is better to look out from the out side in the volatility market
Money can be earned anytime in market but now not a good time
Updated : 02.41 PM / 30th Jan 2018
SEBI Regd Investment Adviser : INA200009564
