Mid-session Outlook(29-02-2016)
Following lines were told at 01:08 AM today in "Short Term up moves Expectations with confirmation through 6869-7252:-
1- As Union Budget 2016/17 at 11:00 AM on 24-02-2016 and opposition attitude had been to disrupt parliament also therefore such uncertainly may result high volatility,
2- for precaution valid break out of last 13 sessions range(6869-7252) should also be watched for next Trend confirmations.
Although never happened in history on Budget day but today opposition tried to disrupt parliament immediately after opening on privilege motion against Smriti Irani. It means that Parliament may be again disturbed in the coming day like previous 2 sessions which will certainly hamper sentiment of Indian Stock markets.
As such uncertainly therefore high volatility is being seen today and for precaution valid break out of last 13 sessions range(6869-7252) should be watched for next Trend confirmations