Dalal Street week ahead: Don’t try to ride any pre-Budget rally, stay defensive

Pattern analysis suggest following a breakout from the 13,000 mark, as Nifty penetrated and broke above the rising trend line resistance, it has probably marked a potential top at 14,653. For the next immediate medium term, the 14,650-14,750 zone will be a strong resistance area for the 50 pack.

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