nifty

THE DAY AFTER
No negative in budget, focus on capex stocks
Focus back to globe, cues strong
FII selling down to Rs 21 cr
((SGX Nifty))

Nifty fell from 18,300 to 17,100 in 7 days on global cues
Nifty has risen from 17,100 to 17,600 in 2 days
Nifty has technically made
Symmetrical move to 18,300 is now a distinct possibility
Nifty 17,500 Call writer still standing, premium at Rs 175
Possible to see a swift move to 20 DMA of 17,768 now
FIIs have covered some stock shorts, cash selling also down
Capex and consumption could be the theme to play post budget.