This market seems to be needing higher & higher doses of good news just to stay where it is.
After a good budget, all it does is a 1% gain on the indices!! That's what I call a moment-of-truth on a key-event day.
I think for Nifty, it will be prudent to trade on the bear side for some time. Let's see.
Disclosure: Still holding some long positions in commodities. No positions in Nifty yet. Have investments in stocks.
Have a great trading week ahead!
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