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Nifty close 8156 points: The Nifty opened the week firm but sold off immediately on the very first day of the week. However, it did not break the crucial 7700 points mark and a sharp midweek rally saw the Nifty close above the weekly resistance of 7815 points which resulted in the shorts scurrying for cover.

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The Union Budget- The Budget is under the limelight this time mainly due to two factors. Firstly the need to drive the economy towards a sustainably higher growth path and secondly maintain Fiscal discipline which is important to maintain macroeconomic stability.

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The last 5 weeks have been very tough for equity investors due to the extreme volatility in the Global as well

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