Historical Nifty Movement on Budget Day

By | July 3, 2019 3:54 pm

Union Budget 2019 will be presented on 05 Jul by Honorable Finance Minister Shri Nirmala Sitharaman ji. 1st Budget in the Leadership of our Beloved PM Shri Narendra Modiji after he was elected again in 2019 with a thumbing Majority. This Budget will have loads of Expectation. Market will have Close Eye on Fiscal Deficit Number

Keep a note on the time Honorable Finance Minister Shri Nirmala Sitharaman Ji close his speech, Market generally make bottom and rally after he close his speech as shown in below screenshot.

Union Budget is just 2 days away, Below are the Bank Nifty range from 1999-2019. Maximum Range on Budget day is 346 so big volatile move on cards, so trade cautiously.

Out of 23 Budget Presented When Bank Nifty started Trading we have 12 Budget where we had Positive Close and 11 Budgets we had negative close

Most of the traders end up losing a lot of money when trading on the budget day. As most of them are not prepared both technically and Psychologically to adjust with the wild swings in market. Traders having small capital less than 5 lakhs should just stay away from market and watch the show from sidelines. Protection of Capital is 1 Goal of Trader.  So, do your own research while trading on the big day when the Union budget 2019 will be announced.

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