Union Budget 2019 will be presented on 01 Feb by Honorable Finance Minister Shri Piyush Goyal Ji. 5thBudget in the Leadership of our Beloved PM Shri Narendra Modiji. This Budget will have loads of Expectation as we are approaching the Election Year, Market will have Close Eye on Fiscal Deficit Number
Last Budget we made a Top at 27613 and saw a Big Decline. What will happen after this Budget , Will Nifty make another Top and continue the fall as it happened in last budget or Will be make a Bottom and start a short term Rally.
Keep a note on the time Honorable Finance Minister Shri Piyush Goyal Ji close his speech, Market generally make bottom and rally after he close his speech as shown in below screenshot.
Union Budget is just 2 days away, Below are the Nifty range from 1999-2018. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.
Out of 13 Budget Presented When Bank Nifty started Trading we have 13 Budget where we had Positive Close and 7 Budgets we had negative close on 6 Budget.
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 2019 will be announced.
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