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The Nifty50 rebounded sharply on
Friday, the first day of March series, on ease of geopolitical tensions between
India & Pakistan. Global rally on likely US-China trade deal also lifted
sentiment.The index managed to hold above 10,850 levels amid consolidation
and formed small bullish candle on the daily as well as weekly chartsThe
consolidation is likely to continue in coming sessions before the sharp move,
experts said, adding 10,930 is the crucial levels for bulls, closing above
which the index may move around 11,000 levels. Billions
of dollars of pre-election spending by the Indian government and political
parties in the next two months is unlikely to stop the nation's economy from
slowing further .
