In the pre-budget week, volatility might spike due to varied expectations across different sectors. Stocks within budget-sensitive sectors might see increased interest. However, if the budget fails to meet expectations, those particular stocks could experience significant corrections.
Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish