GIFT Nifty signals a negative start for D-Street. Here's the trading setup for today's session

Markets initially slumped but recovered on Budget day. Gift Nifty fell 60 points. Rajesh Bhosale observes an overbought market. India VIX dropped 17.43%. GNFC, India Cements, SAIL are in F&O ban. Rupee hit record lows, FIIs were net sellers, DIIs net buyers. Crude prices rose, and global indices fluctuated. Bullish reversal pattern anticipated in Nifty.