Nifty PE is 19
Nifty touched 6870 almost 50% retraction of the range from 4600 till 9100 monthly basis. noted the month will end on Monday concluding with Union budget
 Market is searching desperately for a base  which is not seen by many due to too much bad sentiments
Indicators are also showing weird interpretations as too many smart people are using too much technical indicators and taking there protections. However FII are net sellers till Feb all the way from Jan.
Daily Volume is showing some good news as its diverging in the chart as u can see here.

Nifty retested 6960 and  trying to get out of it, though not so vehemently.
My advise will be for the shorters in the market ................be cautious !!!!
 If you short please do write 6800 put along with as it will cushion you from sudden upside spurt.
Else buy with strict stop loss of 6800 closing basis.

Market if rebounds it will surely gonna test 7350-7400  for the immediate short run and please do believe it will be occur very quick.

If nifty  stays below 6800 then market will trend down to 6400 which will not put a bright picture for the  market which is a worst case scenario.
  Market does not care about Union Budget , GST , reforms. What it only cares is sentiments

 Market is subject to risk
only time will tell


Market is subject to risk












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