NIFTY UPDATE
Nifty’s internal structure has improved over the last couple of sessions ahead of the Union Budget announcement on Sunday. However, the market is still missing the key technical confirmations we discussed earlier.
The significance of 25500 remains intact. Despite getting close to this level, the index failed to deliver a decisive print above it. This inability to reclaim 25500 keeps the setup wide open going into the budget event.
At this stage, the market is asking for patience. Rather than committing aggressively on the long side, it makes more sense to wait for clear confirmation post-event.
For now, it’s a market to observe, not predict. Let’s see how it unfolds.
gann,insides 