Nifty- Resistance 4444/4488/4510/4550
Support 4399/4380/4330-4344/4308/4280
Finally the most waited budget day is also here. In next few hours, FM will present the first Budget of UPA's second session in Centre. Today there would be no technical expectations on Nifty's movement, It will be totally depending on outcome of Budget, Personally we dont expect any extra benefit from this Budget. Options data shows huge build up on the budget event, showing that long straddles are being build up. We would suggest to trade with strict Sl today.
Open Position Update: Nifty Option Strategy of 4100 Pe+4500 Ce.
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