# budget is considered one of the most imp event for Indian Market as it decides tax structure as well as policy for economy .Indian stock market has seen rally in anticipation of very good . Nifty has rallied over 700 points and bank nifty over 2000 points just in between December 2016 end to January 2017 end !This converts into return of about 9% within a month ! Traders and short term investors who had purchased at lower level have already started booking profit for 2 days .Any disappointment is enough to pull market further down . Experts too feel that the budget is already priced in. I too had advocated for the same with following tweet . Nifty facing resistance at 8660 — #Budget #budget2017 (@GujaratBull) January 27, 2017 Above resistance will be crossed if market gets better reward than expectation. U nsurety about the rewards has already pushed volatility index up and it is likely to stay higher till the event gets over. Meanwhile market
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