AS MENTIONED YESTERDAY ABT NIFTY FORECAST,DID EXACTLY ALIKE & NEVER RETURNED TO 5230 LEVEL THROUGHOUT THE DAY.ONLY STOCK SPECIFIC WORK HAD BEEN SEEN IN THE SESSION,AS MENTIONED EARLIER ABT BITTEN STOCK'S CORRECTIVE BOUNCE IN AUTO & IT SECTOR.DOW REMAINED CLOSED ON MONDAY,NO OVRNIGHT EFFECT OF THAT MARKET AS IT WILL BE AGAIN THE RANGEBOUND ZONE OF 5290+ TO 5240 POSSIBLE ON TUESDAY.FOR GOOD BULLISH MOVE NOW UPSIDE 5350+ MUST CROSS & SUSTAIN THAT , IF NOT HEAVY SELLING MIGHT BE EXPECTED.
SO TOMORROW A CRUCIAL DAY AS OUR MARKET HAS TO GAIN PREMIUM ON ITS OWN.SHORT VCOVERING CAN ONLY BE SEEN IF 5350+ IS CROSSED, OTHERWISE RUTHLESS SELLING PRESSURE WILL BE THE LURKING DANGER IN SHORT TIME.
EVERY NOW & THEN,A NEW FINANCIAL POLICY WILL BE ANNOUNCED,SO MARKET WILL BE GEARED UP FOR PRE-BUDGET RALLY(UP OR DOWN???).GRADUALLY IT WILL SET ITS TONE FOR BUDGET.
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