Union Budget 2017 will be presented on 01 Feb by Honorable Finance Minister Shri Arun Jatielyji. 2 Budget in the Leadership of our Beloved PM Shri Narendra Modiji. This Budget will have loads of Expectation after the Major Reform of Demonetization.
Will it be one of Dream Budget ?
Last Budget we made a Bottom at 6825 and rallied till 8969, rally of 2144 points in 5 months. What will happen after this Budget traders should watch 8100 on Downside and 8969 on Upside for Breakdown/Breakout move
Union Budget is just 3 days away, Below are the Bank Nifty range from 2006-2016. Maximum Range on Budget day is 851 Points so big volatile move on minimum 5% and maximum 10% cards as per Historical data , so trade with extreme caution.
Most of the traders end up losing a lot of money when trading on the budget day. As most of them are not prepared both technically and Psychologically to adjust with the wild swings in market. Traders having small capital less than 5 lakhs should just stay away from market and watch the show from sidelines. Protection of Capital is 1 Goal of Trader. So, do your own research while trading on the big day when the Union budget 2017 will be announced.
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