Understand what happened on Wednesday in expiry trade was nothing sort of managed short selling. That was a good healthy correction ahead of budget event, now consider we have no follow up selling in today's session, consider short seller are gonna squashed very badly in upcoming month/weeks. US Stocks are doing superb, Asian Equity is doing best, Natural gas plummet more than 10% means the inflation ghost is easing, jobs are doing fine, Gold & Silver are stable that means we have a soft landing. Now the current picture is very scary in terms of sentiments, but here lies the picture oil is very much near and above $80. Rupee recovered from 83.50 to now 81.50. If nothing is going very badly in upcoming budget. In house we are bullish from here and expect good upside momentum. Our view will change in real time, and once it is we will update that too. On #NIFTY50 target 19200 and #NIFTY50 45000 post budget rally. Everything goes to toss below 40k & 17500 respectively.
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