market moves after budget

Hi all: Budget is round the corner, just tomoro on the 6th July: Many positives are expected but the point is : if expectations are too high, possibility of disappointment. FM cannot please all sections. But some sectors are expected to get boost: agriculture will have major focus.

Nagarjuna fertilizers and chambal fertilizers are my favorites. Power shortage is seen everywhere, budget may give big boost to Power sector. All power scrips will run post budget. Choose best ones in the sector.

Tatapower and Rpower apart from NTPC should do well. NTPC has huge huge equity base and not a fast mover. GVK Power is low priced and should do very well and may see 50-55 next week.

Bartronics should be seen as a potential multibagger. Biggest beneficiary of latest Nilekani's unique project may be Bartronics.

Vishal retail is the cheapest in retail sector. This sector should also get its due.

IDBI, IFCI and IDFC may rise sharply post Budget.

Idea is the one I am focussed and feel that it will do well post budget.

Bombay Dyeing, Century Textiles are short term bets for 20% appreciation mimimum, not much down side in them.

infrastructure should get priority. IVRCL, GTL Infra are my choices.

Indiabulls Realestate may test 240-250 next week itself.

Areva is posed to see 370-400 in a positive market.

Sugar will be sweeter. Renuka is my choice.

JP HYdro has completed its consolidation around 92-94 levels and expected to see three figure mark on budget day itself.

Pl do your own study and take informed decisions and wish you a happy trading, next week.

--harkara

FNO closure and choppy session

Today being the last day of June vallan in F&O, market witnessed choppiness and closed in the red. Now the current year's budget will be the next trigger and it should be seen how market takes a direction, though at present it is clueless.