Union Budget 2013: How should Nifty trader trade ?
Highlights of Economic Survey
1. FIIs sold 25 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow.
2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot of Volatility will be seen, as seen in below chart. Will request readers/traders who cannot digest the huge swings to stay away from market. Just watch the show from sideline, do not let your hard earned money to go for a toss. Below is the Swings we have seen on Budget day from 2007.
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