just before the budget day nifty rising above 20 sma showing intent to move up further on positive expectations. it had already broken out upwrads from the short term term resis lines as shown in earlier posts and maintaining our tsl all along for longs. nifty is also respecting the second drawn(shifted) lower support tline. it needs to close above recent high of 4440 to move atleast upto first tgt of 4550 sl 4249.
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past short term calls follow-up/performance***(stocks to watch)
date,stock,reco price,high,% gain at high
***all analysis are based on self chart study only, actual trading gains may vary.
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