The budget is finally out. now we will have expert opinions regarding its effects on the market. Irrespective of what experts say or what political analysts predict, I think that the budget does have some good aspects to trigger upward mood in the market but the market will take major clues from what happens to Global markets in days to come. However, I am confident that the market will not fall sharply and that it will find good support near 15200 if at all it falls. On the other hand market has all potential to cross 18000 in a couple of weeks and we may see that in the month of March the SENSEX and NIFTY gain substantially.
Sector-wise, cement and power sector shares may witness a rally along with fertiliser companies. IT leaders INFOSYS, WIPRO, TCS will have strong moves in upward direction. I recommend to buy good cement stocks like ACC, Gujarat Ambuja, India Cements and Binani Cements as a long term buy. Other stocks to watch are NHPC, GMR INFRA, TATA MOTORS, RANBAXY and DABUR.
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