|Market This Week
||The Markets gave a thumbs down to the budget. All the expectation from it were ruined and the market fell sharply. Huge turnover of around 4000 billion was seen. The mid-cap and small cap took a heavy beating. Now, the 5800-5850 is going to be a crucial resistance for the NIFTY. The budget should have taken this resistance but that was not the case. The bears are again in power now. However, this does not mean that we have a confirmed down-trend and we can’t go SHORT. All important support for NIFTY would be 5550. There will be heavy fluctuations in the market between these levels of support and resistance. A lot of volatility is expected. Hence all the investors should remain passive. Stock specific movement will be seen on our recommended counters but they should only be en-cashed by the high risk taking investors.