Nifty has crossed 11844/11923 and the outlook is positive with an immediate target of 12040/12103. The downside looks too limited up to 11815.
The swing in nifty could be around 100-125 points on either side and on Bank nifty it could be 300-350 points on both the sides.
Remember this budget is almost a non event as this should be in line with what has been presented in the interim budget presented in February 2019. The focus could be more in infra structure and agricultural sector. Banking sector revamping and reforms likely to bring in cheers for Bank Nifty sector.
Breaking 11900 may take nifty down to 11814 and a move above 11965 leads to 12050.
Bank Nifty range 31060-31690.
Keep your exposures light. Good Luck!
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