Nifty, Bank Nifty will remain volatile

As usual, on the Budget Day, benchmarks Sensex and Nifty could swing wildly, reacting to the speech of Finance Minister. Bank Nifty will also remain volatile, as on Friday, the Bank Nifty March futures saw unwinding of 60,000 contracts in open interests despite gaining ove two per cent. This indicates Friday's rise was mainly on account of short-covering. But, Nifty futures saw addition of over two lakh contracts, indicating bullish signal.