Technical Outlook Of Nifty Fut(NSE-MAR):1-2 days

For Nifty Fut(NF), 8713-8675 zone is now immediate support and sustain below that, it could drift to 8494-8450 zone.

On the upside, NF has to sustain above 8790-8830 zone for any decisive movement up to 8953-9080 zone.

Railway budget was pragmatic and realistic but market did not like the small freight increase issue yesterday. Tomorrow's budget may be also pragmatic, but the factor is market is over hyped and expectations are huge. But, we have to borne in mind that reform is not a one day (Budget day) event, it will go on over the years and next year RS majority will be more vital for the Modinomics.

Trading Levels: Nifty Fut(NSE-MAR)

		Gap Up/Dw	(Indicative)
SGX NIFTY	8770	40
				NF-MAR	LTP	8730
	SL (+/-) 10 POINTS	FROM SLR
	Intraday Swing	Trader
			T1	T2	T3	SLR
Strong >	8740		8790-8830*	8856-8873	8891-8905	<8720
Weak <	8720		8704-8675*	8649-8615	8572-8513	>8740
FOR	Conservative	Positional	Trader
			T1	T2	T3	SLR
Strong >	8740		8830*	8891	8995-9080	<8720
Weak <	8720		8675*	8615	8494-8450	>8740