8840 will be Key Hurdle for Nifty
The market gained considerably post the Budget and will continue to remain in an uptrend in the coming days. Nifty moved into a new swing high of around 8757 levels on Thursday. If the hurdle of 8840 is crossed, it could move between the 8900 and 9100 range. Going ahead, the Reserve Bank of India policy meet and assembly elections are the unknown factors that could sway the market in either direction.