How BANK Nifty Performed On Budget Days Over Last 18 Years

By | January 30, 2022 8:05 am

Union Budget 2022 will be presented on 01 Feb by Honorable 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.

9:25/10:37/11:37/1:00/2:28 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

Union Budget is just 2 days away, Below are the Bank Nifty range from 2006-2021. Maximum Range on Budget day is 2398 points so big volatile move on cards, so trade cautiously.

Out of 18 Budget Presented When Bank Nifty started Trading we have 10 Budget where we had Positive Close and 8 Budgets we had negative close

Budget 2021 7.6 % Rally in BANK NIFTY , the Best budget-day Rally since 2009.

On most occasions, BANK  Nifty have mostly ended with a muted response after registering high volatility throughout the session. Below is Intraday Chart of BANK Nifty of Budget 2021

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. We will be sharing levels on Twitter and Facebook to help you navigate on Budget day with Profits.

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