Union Budget 2022 will be presented on 01 Feb by Honourable Finance Minister Shri Nirmala Sitharaman ji. 4th Budget in the Leadership of our Beloved PM Shri Narendra Modiji after he was elected again in 2019 with a thumbing Majority.
Sentiment is quiet Bearish on Dalal Street Nifty is down almost 1000 points from Jan High of 18350 which was made on 18 Jan. But the key question now is how the budget will impact the Nifty movement will we make bottom
The Budget 2022–23 will have to be a balancing act—supporting recovery while maintaining fiscal prudence, as domestic recovery has been uneven/split so far and needs policy support. Besides, India is preparing for inclusion in the global bond indices soon, which warrants fiscal prudence, hence, it expects a modest consolidation in FY23.
01 Feb is an Important Astro/Gann Cycle date watch out for 15 Mins High and Low to decide the trend of the day.
9:25/10:37/11:37/1/2:28 time for trend reversal,High and Low of trend reversal time on 5 mins Candle are trade levels. High Broken traders go Long with SL of Low of Candle and vice versa for Short.Nifty part book in range of 50-75 points ,use TSL for Nifty
Below are the Nifty range from 1999-2021. Maximum Range on Budget day is 674 so big volatile move on cards, so trade cautiously.
Out of 26 Budget Presented When Nifty started Trading we have 13 Budget where we had Positive Close and 13 Budgets we had negative close.
Budget 2021 4.5% Rally in Sensex/Nifty, the Best budget-day Rally since 2009.
On most occasions, benchmark indices Sensex and Nifty have mostly ended with a muted response after registering high volatility throughout the session. Below is Intraday Chart of Nifty of Budget 2020
Below is Intraday Chart of Nifty of Budget 2021
