Markets Ahead

Markets closed deep in red with nifty closing @ 8683. This was somewhat coming as in whole this Feburary series FIIs were selling in nifty and stock futures in Feb month total sell by them in Index futures is 5276.15 crores and in stock futures they have sold another 5575 crores. So this was well understood that they will not allow markets to go up. This is just opposite to Janurary months where FIIs had bought index futures worth 6900 crores.So they just dont allow nifty to go down despite of all bad news coming in Janurary series. The real game begins now or i should say from Saturday on budget day after 2:00 PM. Any opportunity towards 8500-8600 will be a buying opportunity for the final Target of 9500 in March series.

So Lets hope for best