Union Budget 2017 will be presented on 01 Feb by Honorable Finance Minister Shri Arun Jatielyji. 3rd Budget in the Leadership of our Beloved PM Shri Narendra Modiji. This Budget will have loads of Expectation after the Major Reform of Demonetization/GST in last year.
Will it be one of Dream Budget ?
Last Budget we made a Bottom at 8537 and rallied till 11110 till now , rally of 2573 points in 12 months. What will happen after this Budget traders, Will be make another bottom and continue the rally as happened in last 2 budget or Will be make a top and start a short term correction.
Keep a note on the time Honorable Finance Minister Shri Arun Jatielyji close his speech, Market generally make bottom and rally after he close his speech.
Union Budget is just 3 days away, Below are the Nifty range from 1999-2017. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.
Out of 21 Budget Presented we have 11 Budget where we had Positive Close and 10 Budgets we had negative close.
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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