Upcoming Budget 2011 is very critical for market trend. There is lot of hope and dependencies on Budget news.
So lets have some strategy to pick few call for Budget. I mean stocks which are expected to give return base on positive news from Budget. For example i personally feel every year Budget news are positive for Agriculture sector and stocks related to that sector gives good return.
Can we analyze on Basanth Agro, RCF, Nagarjuna Fertilizer etc or anyother stocks also welcome ?
Regards,
Amit
In general, budget is an opportunity for the market to get volatile... (As if it is not sufficient without it...) :-)
ReplyDeleteI remember reading an article in the past. It conveyed with statistics that, the market goes the reversal of what it does upon first reaction to the budget. Meaning, based on budget news, if the market is beaten up (in the very short term)., then in about six months or so, it would go quite high. Similarly, if the market goes up as a result of budget news, in about six months, it would be way below those levels... :-)
So, lets see what happens this time...
Regarding budgetary news, there may be some negative news for the IT sector. Some tax subsidies given to them currently might be reviewed...
For the long term growth of Indian Economy, Infrastructure is very very important. So, if the budget is growth oriented, there may be something for the Infra sector.
And, SBI, ICICI Bank, Kotak Bank have pulled up quite significantly in this pullback. Not sure, if there is anything fishy here...
@Every Members, your thoughts pls...