"Bear is well settled to drag down Indian markets"
Nothing negative in Railway Budget. All global markets and US futures are sufficiently positive today but Indian markets moved more than 2% down from day's high and then again Nifty moved up 80 points within 15 minutes. It is Pre-Budget voltality and immediate resistance range is 5290-5330. Sharp surge seen in last half hour and if Nifty moves and sustainins above 5330 today or on Monday then it will first indication of up move. Nifty sustaining below 5290 will mean fast moves toward 5177.