MARKET VIEW FOR 1ST MARCH 2011 POST BUDGET ANALYSIS

AS EXPECTED MARKET WITNESSED HUGE VOLATILITY AND DRAMA, FULL OF DECEPTION BOTH FOR BULLS & BEARS. BUDGET AS EXPECTED IS VERY GOOD AS FAR AS CONSUMPTION STORY OF INDIA IS CONCERNED, FISCAL CONSOLIDATION, EMPHASIS ON SUPPLY SIDE ECONOMY ALONG WITH WELCOMING THE STRUCTURAL CHANGES IN ECONOMY ARE THE BASIC FOCUS OF THE BUDGET. HENCE MARKET HAS WELCOMED THE BUDGET BUT AS SAID EARLIER THAT MARKET WILL SLIDE DOWN ANY TIME IN MARCH TO THE LEVELS OF 5000 OR LOWER. HOWEVER BEFORE SHORTING THE MARKET ONE SHOULD KEEP IN MIND THE THAT THE RANGE 5280-5440 SHOULD BE AVOIDED FOR TRADING AS BREAK ON EITHER SIDE WILL INVITE FRESH MOVES OF 150-200 POINTS MOVE. 


NOW COOLING DOWN OF THE CRUDE OIL, RESTORATION OF PEACE AT LYBIA, RISE IN AMERICAN MARKETS, WILL TAKE MARKETS TO 5550-5600 AND VICE-VERSA MAY KICK BACK THE MARKET BELOW 5200 TO THE LEVELS OF 5000 ALSO. HENCE THOSE WHO WISH TO BUILD A LONG TERM AS WELL AS SHORT TERM PORTFOLIO SHOULD WAIT FOR SOME MORE DOWN SIDE CORRECTION MAY BE BELOW 5000 TO BUY THE STOCK IN THE STAGGERED MANNER. 


FOLLOWING STOCK/SECTORS SHOULD BE CONSIDERED TO BE BOUGHT:


RELIANCE, HINDOIL EXP, ESSAROIL, PETRONET, CAIRN & ONGC IN OIL & GAS


SBI, ICICIBANK, INDUSIND BANK, YES BANK IN BANKING 


POLARIS, TCS, HEXAWARE,  IN I.T


TATAMOTORS, M&M IN AUTO


CIPLA, RANBAXY, LUPIN IN PHARMA

Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

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