Nobody was expecting any major announcement in the Budget and hence we saw a range-bound trend with a negative bias. Global markets too were subdued and hence select profit-taking was seen in telecom and realty stocks. Technically, the immediate resistance for Nifty is at the 21,840 mark, whereas the immediate support is placed at 21,650. Any move below 21,650 may lead to a down-move towards 21,580 and 21,540. Major support continues to be at the 21,500 mark. For Bank Nifty, the immediate resistance is in the 46,400 to 46,600 zone, above which we can observe further upward movement towards 47,000 levels. Immediate support is, however, placed at 45,500.