Budget day trading strategy: What should Nifty traders do on D-Day?

Whether the stock market ends higher or lower on Budget day today, volatility is likely to be higher than usual as in 12 out of the last 14 instances, Nifty has shown intraday fluctuations within a 2-3% range.

“A common trend observed is that the Implied Volatility (IV) of Options rises in the…