Today is the most watched day by the investor fraternity, which is the presentation of the Union Budget by the finance minister.As usual there are lots of expectations,but the market participants are more keen on the outcome after the presentation.The budget will be presented at 11 am IST.Nifty spot presently is trading at 4877.Till 11 am market is expected to be flat .If it starts trading above 4885 then nifty could show strength and might try to attempt the resistence level of 4920-4930.Traders should have a strict stop loss of 4857.Any close below 4857 will be extremly negative.I would assume that since markets are very light chances of markets going up are more.Then all depends on what kind of budget will be presented and what the market expectations will be.Till then keep the fingers crossed.
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