Nifty- will bullish territory hold

The Nifty is having an upward bais and is attempting to cross the crucial 2950 level. It is getting good support from the earlier resistance level of 2880.

The daily charts suggest that a break now above 2950 should lead the nifty near 3040 - 3085 levels in the near term.



Overall short term trend may be considered positive above 2840.

In all probabilities the upward bais may come on presenetation of the interim budget by the government.

Happy trading - and Nifty watching!

CA Rajiv D Khatlawala