Posted by: Babu Suresh | February 16, 2009

16th Feb. 09 – NSE Trading Session

Nifty Spot 1M ChartNifty_Spot_1M160209

Today morn. only I believed after taking a glimpse at the Interim Budget presentation, my dad watching, when I went to grab some coffee that our Finance Ministry is under Mr. Pranab Mukherjee not with our erstwhile Mr. Chidambaram. The doubt persisted till today morn. because I happened to read in an online newspaper very recently some statements made by Mr. Chidambarm about Tax cuts. I am very much sure, our media would have made everything possible out of it prior to today’s presentation.

Nifty Spot 5Min. ChartNifty_Spot_5M_160209

Spot Nifty could not bear the disappointment of our Interim Budget and refused to consider going beyond 2970 and buckled under intense selling pressure. Nifty Fut. clocked a whooping volume of 37 million.

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