Nifty is at 5381. Technically the trend is still intact up and can go
up to around 5540-5560. It would not be a surprise if the up move
weakens here. Crucial support 5440 the market weakened as expected and
breaching the crucial support of 5540 and cracking to close in the
red. Technically the market may see some profit booking on the big
budget day and we could see some volatility as well…I try and not
trade on the budget day.

The crucial support for the Nifty is at 5210 and the target beyond
5440-5500...

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http://nifty-futures-tips.blogspot.in/2012/03/nifty-tips-for-today-16th-march-12.html

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