how will be the budget ?

A few days ahead of a major financial event, directly affecting the indian economy,,market tries to say something...but it is difficult to clearly predict very short term move.

There are little doubts about the medium term BEARISH probabilities,,even lesser doubts about long term BULLISHNESS...AFTER 1-3 years of consolidation in the higher range.

but, what will happen, post budget ?....there is a bullish inverted HEAD&SHOULDER pattern on daily charts of nifty---sensex .with fast stochastics in oversold zone on weekly charts, suggests, short term bullishness............if .if .if...nifty closes above 4925---4955 on any day pre-post budget.

BUT ,a close below 4777---4737..will change the scenerio drastically in favour of bears.

a FAILURE of completion of bulllish hns pattern,,can have very very severe bearish implications, post budget.

so watch those levels on a closing basis very carefully.