Sensex closed 305 points below in 18022.
Nifty closed 88 below in 5417.
Do not expect a perfect bullish trend for at least 2 weeks.
I think Nifty will be in the 5300-5400 range before budget.
There are not enough 'Foreign Institutional Investor' supports looking possible as we run into the budget.
So for short time investment I prefer Yes bank and Axis bank.
Yes bank is a good fundamental company and it has a strong managerial support.
In this negative trend Yes bank closed in green today. Yesterday also the trend for yes bank was positive.
So buy yes bank in the range 260 and sell in the range 270-275.
I think a best opportunity for buying will appear before the budget. So till that do not take much risk and do not expect much profit.
Another good pick is Axis bank.
Now the share price is in the range 1250.
Buy axis bank in the range 1250 and sell in the range 1300. In January the share price was in between 1357 and 1250.
If you are a long time investor it is the best time to buy RIL. Now it is in 890 range.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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