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Friday, March 16, 2012

Nifty Outlook & Union Budget Updates Today 16 March

Union Budget 2012-13 Expectations|Effect Of Budget On Share Market|NSE Nifty Futures Outlook- Trend Range Levels|Bank Nifty Tips|Intraday Hot Stocks To Buy Sell Today 16 March:- Indian equity markets are likely to be affected by most important Union Budget which will presented by Finance Minister Mr. Pranab Mukherjee in Lok Sabha at 11 AM. Lots of hopes and expectations of common man and also all the sectors like bollywood, entertainment, academics, finance, FMCG, consumer durables, automobiles and also metal & commodity are related with it.

Nifty Outlook For Today :- Yestrday Nifty declined below its important psychological level of 5400 and closed below it near 5380 mark. On the upper side The levels near 5450 and 5480 were the crucial levels on yesterday. For today we can see immediate support for Nifty near 5370 mark and in near term we can see the levels of 5320 and 5270 as index is likely to decline. Traders are advised to book profit at higher levels.
NIFTY : CLOSE-5380.5 S2-5300 S1-5340 PP-5400 R1-5440 R2-5500
BANK NIFTY : CLOSE- 10654.9 S2-10360 S1-10500 PP-10750 R1-10900 R2-11140

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