2013 BUDGET DAY MARKET PLAY

                          Dear all, this budget is a final budget for current government. So most probably aims to 2014 election & each and every announcement will be based on that election only. Now how market will react for those announcement. We are expecting volatile will be in the range of 200 points, but no one can predict the direction. FII's are looking some more relaxation for investments. Our market also expecting last 3-4 years for wipe off STT for selling shares. If we get any positive news about this STT, then market may go fire. Sugar sector looking some good news in this budget. 
               Nifty now having resistance at 5900 level. If union budget would be good then market may easily break 5900 level. Maximum we expect around 150-200 points movement surely.On down side 5739 looking good support now.we thought market have bottom out, now looking for all time high.If nifty break 5740 then we would not see all time high in this year.everybody & every firm eagerly waiting for budget. we don't thing any negative news in budget. let us wait & watch.

Nifty resistance- 5853-5860, 5893-5904(major)
Nifty support   -  5735-5750 (major)
    
Today also no stock calls just go short nifty one lot @ 5860-5870 & buy 2 lot of  5900 call it is just for intraday. market seems to be gap up opening.

PORTFOLIO ALERT

  Please hold all stocks....

THANKS & REGARDS
      NSEBSENOW