Budget report
Have covered nifty levels
Sectors
Stocks

Read till end

I am Expecting a moderate budget

We may see exemption limit having a mild change

Any hike in short STCG, LTCG or STT may hit traders and we may see market downside

Nifty Cmp 13634

downside
13432-13138
(yes there is still a room for 500 points down in nifty)

For upside
13966-14237

Volatility would be there
If you are conservative trader, avoid trading tomorrow
Avoid naked puts/calls or trading futures

Premiums are expected to diluted

Sectors

1- If 80c limit is being hiked which has good chances 1.5 to 1.75-2 lakhs
Stocks - hdfc amc, Nippon

2- Insurnce co. - if insurances rates are hiked
Stocks - hdfc life, sbi life

3- FMCG sector, if exemption limits are being raised
Stocks - Britannia, dabur, marico

4- Pharma sector if R&D subsidiary is given
Stocks - Auro pharma, cipla, Cadila, sun pharma

5- Realty and housing finance if house demands are created and some affordable housing demands projects are lined up
Stocks - DLF, oberoi reality,

6- Auto sector if scrap policy is passed on to private sector too
Stocks - maruti, tata motors, M&M

7- railways only if there is some disinvestment
Stocks - RVNL, texmaco rail

8- PSU banks - if there is good amount of recapitalization,
Stocks - SBI, canara, pnb, BOB

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Thank you for reading
Report by sebi registered research analyst
Vibhor Varshney
INH100005419