==>> No great Interim Budget, Japn Economy shrinks

Japan's economy shrinks 3.3%. Japan's economy contracted 3.3 per cent in the three months to December compared with the previous quarter, its worst performance in more than 30 years.
On an annualised basis, gross domestic product declined at a rate of 12.7 per cent, underlining the depth and severity of a slump that has dispelled early hopes that the world's second largest economy might be able to shrug off the effects of the global financial crisis.
Last week Indian markets rallied in the hope that there will be many tax breaks and new stimulus package will be announced, but as usual nothing was not announced in the Interim Budget. But one +ve news may follow i.e More rate cuts. Yes there will be more rate cuts in the near future.
Technically speaking, We can clearly see in the in the Nifty chart that, it is facing stiff resistance at the trendline. Nifty is trying to cross over and close above the tredline, but there has been continous selling pressure near 3000 levels. Nifty is still trading inside the triangle pattern. EITHER SIDE CROSS WILL BE THERE AND THAT WILL BE SHARP........