BUDGET 2011

Written by HARIKRISHNAN.T
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Market showed a positive trend today due to the positive policies which is taken by the Finance minister in the Union Budget.

Sensex went up to more than 400 levels and finally closed about 122 points in green.

Nifty closed 29 points above in green.

There is a chance for a positive trend in this week because Budget give provision for making investments in mutual funds by FII.

No tax changes in oil sector.

Service tax on air travel will increase. This affected jet airways etc in a negative way.

No excise duty on equipment for ultra mega power plants. So reliance power closed in green.

Cement price will go down.

Recapitalisation of Rs 6000cr positive for all Public sector Banks. SBI, PNB etc showed positive trend.

10% excise duty on garments.

LIC Housing finance can touch up to Rs.210/- in this scenario.

IT sector showed negative trend.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "



MARKET IN THE PREVIOUS WEEK

Written by HARIKRISHNAN.T
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Market in the previous week started with a positive note. Monday sensex closed 200 points and nifty 60 points up. Nifty closed above the 5500 level.

But there was completely negative trend occurred in Tuesday Wednesday and Thursday

In Tuesday sensex went down about 142 points, Wednesday about 117 points and in Thursday a major fall occurred and it closed 545 points in red.

Nifty went down to 5262 range from 5500 level during the 3 consecutive days of trade.

But nifty managed the major support level of 5200.

The main reasons for the negative trend was the inconsistency in the countries like Libia, crude oil price etc. If the revolt is spread to gulf countries then naturally the crude oil price will shoot up. Due to this negative news the investors withdraw their funds from the system.

The crude oil price went up to $120 during Thursday. These all affected market in a negative way.

But Friday the Economic survey helped the market.
The expected 9% growth helped the market to close in green.

Now all the investors are waiting for the union budget. It will be presented in the cabinet on 28/02/2011 Monday.

The flow of market will surely depend on the decisions in the budget.

If there is sufficient remedial measures to control inflation, black money, corruptions etc. then definitely there will be a positive trend in the market.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "



BEST STOCK PICKS FOR NEXT WEEK

Written by HARIKRISHNAN.T
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Domestic markets ended on a positive note on Friday.

Sensex and Nifty closed in green.

The gains were supported by the short covering in the most beaten down stocks in the previous sessions. 

It seems that the markets were in a mood to consolidate today and wait for the budget day to happen next week.

I think for the next week LIC housing finance will give better profit.

Yesterday when market crashed due to the global issues especially because of the high price of crude oil and inflationary issues, it came upto Rs.179.

Today it is closed in Rs.184 in green.

I expect it will touch 200 range within 2 weeks, because it touched 200 range just a week ago.

So BUY LIC housing finance at a range Rs.185.

Regards Hari " लोका समस्ता सुखिनो भवन्तु "