Nifty View
Last week, the Nifty lost all its momentum that it gained over the week before the announcement of Budget, as it was unable to break the 12,000-mark and settled at 11,811.20 losing 135.60 points but respecting 11,800 level. Budget was below par with the expectations and the market witnessed profit-booking after the presentation. This week, the market must hold on to the level of 11,800, otherwise bears will continue to grab their hold on the market. Next support level is at 11,600 for next week and 12,000 is going to be a major resistance. Bank Nifty, is stronger than