Nifty is facing resistance at upper band in the ascending triangle. We see that likely triggers for Nifty is a pre-budget rally and we do hope that budget is going to be common man and investor-friendly. So, going forward we see a bullish sign as the USA-Iran crisis is also cooling down and India is a bullish story and thus a way ahead is only up in the near future.
However, seeing intraday drops do not get trapped in short side and avoid blind trading. You can consider using our
Nifty tips to mint money in the stock market.