Markets are likely to open negative, Yest. markets opened on a weak note and proceeded to make the low 17690/5227 but the last hour rally took the market players by surprise as the indices jumped up to scale the high of 17921/5302. Thus, once again the indices closed flat and Nifty managed to gain 150 points on February expiry against January one. Now the entire focus will be on the Budget.
The uncertainty still persists. There is no clear indication about the future course of the market trend. So its better to keep the positions light.
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