Pre-closing Outlook(29-02-2016)
It should be kept in mind that only very Short Term correction towards retracement levels is being considered at this moment after Post Budget strong rally because some selling was seen 7470-7488 today. As some recovery from lower levels therefore firstly valid break out of 7444-7512 should be firstly watched for next immediate move confirmations because some times Bull Market consolidate at higher levels amid high intraday volatility without giving deeper correction.
Although Nifty is now trading below today selling range(7470-7488) at 7467 but 7444-7512 should be firstly watched for confirmations.