[sharetrading] ASIA

 

Asia as expected has opened w/ a gap. It looks like good news flow will be good in coming days. Our markets may be tumultuous due to budget presentation disruptions. However the general direction seen is upward. Though one may consider that it may be good to trade, the stocks could slip out of ones hands……. Be cautious……..

Though NIFTY is seen as having some resistance going forward w/ expiry and the budget, I view that low levels could be good pick up points……… Above 4950 however all skeletons will get back into the cupboard…….. Above 5000 signals, all will be in place, but I would consider a reaction will be due from there………..

 

Abe

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