Blog meant for 1 Feb 2017 WednesdayDear friends,Nifty fell by 71 points due to the pessimism over the Economic Survey published to the country and also due to the nervousness because of the Budget tomorrow. The global cues are also all positive.
All eyes and ears will be on the Budget tomorrow to be presented at 11 am. If the markets perceive it to be helpful to the economy and people, markets may rally. Otherwise there is a chance of markets reacting negatively to it.
The indications for short term are –THE HOLDS ARE – ITC, MARUTI, TITAN, HDFC BANK, ASIAN PAINT, L&T, BHEL, M&M, ONGC, SBI, HDFC, THE DON’T BUYS – DIVISLAB, RELIANCEWAIT TO SELL – AXIS BANK
SELL – TCS, LUPIN
Tomorrow is likely to be a volatile day for markets. Hence, observe markets only.
Buy if you want only for long term. Do not take any action for buying for short term.
