Nifty Futures & Bank Nifty Futures Tips 01-March

Nifty Futures March 29, 2012
Buy Nifty Futures above 5430 for price target of Rs. 5475-5510 with placing a strict stoploss of Rs. 5402. ELSE
Sell Nifty Futures below 5386 for price target of Rs. 5350-5320 with placing a stoploss above 5410.

Bank Nifty Futures
Buy Bank Nifty Futures above 10555 for price target of Rs. 10640-10730 with placing a strict stoploss of Rs. 10501. ELSE
Sell Bank Nifty Futures below 10480 for price target of Rs. 10410-10350 with placing a stoploss above 10524.

Union Budget 2012 - Impcts on Indian Stock Markets

On 16th March Union Budget 2012 is scheduled to be declared, and our Finance Minister Pranab Mukherjee is in under pressure to get growth back on track and to get his fiscal house in order. And that surely requires an optimum balanced act.

As we look at the market performances for the year 2012 till date, it has been traded well and showed some very good momentums in past. This might be an indication that market may be good enough for this year. And if we come to UNION BUDGET 2012, surely it will play an huge role for making directions for Indian Markets.

If UNION BUDGET 2012, is set for keeping welfare for all class of people, in all segments, then I can surely say market is gonna to boom this year. If public of India post their satisfactory reviews on Union Budget then market is likely to perform very well and thus may attract more volumes and FIIs.

Let's see what Mr. Pranab Mukherjee brings us. Hope for better and balanced budget.

Nifty Intraday Outlook For Tomorrow 01-March

The equity markets closed flat after trading rangebound throughout the day. Oil & gas, realty and metal sectors were the best performers of the day trade while capital goods, banking and FMCG sectors lost substantially.

In India, we are just two weeks away from the Union budget and the markets could even start factoring or basing expectation from it. People would watch out for government's stance on the fiscal deficit. Caution is advised to the traders in the Indian markets. For intraday trading tomorrow Nifty could find support levels at 5,330-5,280 and on the upside, and resistance exists at 5,450-5,500 levels.