 "Trading Strategy")
NIFTY VIEW
Nifty recovered however the weekly trend turns down after 6 weeks; BankNifty has its weekly trend down since 3 weeks. The weightage of Nifty50 stocks is more tilted on the negative side with 69 per cent on the sell mode. This week being the pre-budget would bring in lot of movement in stocks. The support for the week is seen at 40,950/12,030 while resistance is seen at 42,260/12,460. Bank Nifty would have a range of 30,580-31,880. Almost all sectors are back in momentum along with mid-cap. Larsen along with BHEL looks positive for a technical bounce back. Nestle, Britannia,
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