On Budget Day Nifty Behavior

Nifty’s Movement on Union Budget day since 1999

27th Feb 1999 +5.13%

29th Feb 2000 -5.12%

28th Feb 2001 +4.38%

28th Feb 2002-3.87%

28th Feb 2003+0.19%

08th Jan 2004 +2.54%

08th July 2004 -2.25%

28th Feb 2005 +2.18%

28th Feb 2006 +0.86%

28th  Feb 2007 -4.01%

29th Feb 2008 -1.38%

06th July 2009 -5.83%

26th Feb 2010 + 3.2%

16^th Mar 2011  +4.2 %

14^th Mar 2012  -2.3%              

SBIN

ICICIBANK

This is a dream of bears of ICICIBANK LTD.   This pattern gives very low targets of ICICIBANK.
Stoploss is above 1200 on monthly closing basis.   

USDINR

USDINR trend turns up on weekly basis.  USDINR close above WHEMA.  Next trend line hurdle near 55.30.  Close above that TL breakout possible.  RSI breakout gives early indication.  Daily chart with Andrew Pitchfork still works well.  It is interesting to see will it work further for this upmove.   

USDINR

Buy USDINR in every dip with sl of 53 on closing basis. Positional Tgt is 55-57-60-64. Below 53 close bullish view is invalid.

Buy HDFCBANK ABOVE 656 SL 635 TGT 767 TO 777 IN 2-3 MONTHS

Nifty

Nifty is in falling wadge  breakout above 5960-65 may tgt towards 6000 and above 

KOTAK BANK

Kotak Bank is in Rising Wadge Pattern