The Nifty closed 2nd consecutive week in positive territory. It also closed monthly in positive territory. It ended short term correction near 40 DMA. & sharply reverses from these levels. It made a low of 8669 levels.
Samir Arora, Founder and Fund Manager at Helios Capital, says he remains positive on India but the lack of financial incentives for housing and no plans to capitalise public sector banks came as a disappointment.
Below mentioned are the Intraday Levels along with Near Term Trading Strategies for: 25-Feb-15 S&P CNX NIFTY CMP 8762.10 Near Term: Trend is bullish on charts, best trading strategy would be buy on dips whereas target expected in
Sudhakar Ramasubramanian, MD of Aditya Birla Money says that the expectations from the Union Budget presentation to be held on February 28 are very high, mainly because the government itself has pushed the bar by promising big-ticket announcements.
Ahead of the Union Budget, Kishore Ostwal, CMD CNI Research, in conversation with Faraan Tarique, spoke about street-expectations from the Finance Ministry and the specific sectors that he believes will witness an uptick in the near-term.