Nifty monthly expiry was at 12036, 90 points below previous month expiry. This could be due to the continuous bull run during the past 3 months.
Budget may or may not bring in surprises. But we are not surprised if Nifty crawls between 11800-12100 during the next 15 days. That is what the chart says. It could be a budget or macro economic policy effect... bla.. bla... But the bottom line is Bears likely to rule the market for the next fortnight.
Use weekly swings and make good returns. Do not much bother about the direction of the market.
Good Luck!
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