POST MRKT budget

Everybody could easily Annalise that market today would close in Green, because all the cues available in the morning were positive & nifty closed above 4900 levels @ 4914 that is the positive indication for tomorrow.

If you had gone through my morning post you will find almost all the individual stocks given in the morning did well and all closed in green and positive territory (tatastl, hindalco, ril, tatamotors, suzlon,)that was simply 100% true predication and will continue to pursue the same for our valuable clients.

Now nifty have to close above new highs i.e, 4930 / 4952 / 4981 for the continuation of the uptrend. But however it appears that profit booking is coming at regular interval , so a very cautious approach have to be adopted as UNION BUDGET is near and market are expected to be highly volatile with wild swings both ways. So trade very light and trade only with the stop loss and avoid low volume stocks for now.

If nifty does not sustain 4920 for rest of the week then gives closing below 4900 then chances are there that it may touch 4650  within this month itself( in circumstances of unfavorable  budget)

Lastly be stock specific ......