Friday, February 26, 2010

WILL THE BUDGET BE A NON-EVENT?

Have markets factored in too much negativity?....Thats the consensus on the street! The Rail Budget was a blip on the radar and it will be interesting to see whether History repeats itself today.

Keep a close watch on 15300 on Sensex ....4500 on Nifty. The bottom made in Oct 2009 serves as the most important support.

Ideally today should be a no trading day despite the expected volatility. The budget cannot be analysed in the live markets and its better if one doesn't try to attempt such a feat.

Have a slient trading day,

Regards,
Rahul T.

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About Me

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Welcome to my blog.The name is Rahul Tawde. I have adopted trading as my profession and have been practicing it for over 2 years.This blog is an attempt to reach out to people in the capital markets who trade for a living.I welcome fellow professional traders to come forth with any suggestions to improve my blog and also to improve our trading.