Markets today had a very choppy session.Indices opened up strong, rallied for a while. Sudden selling triggered the markets to fall down to zero levels losing all its gain. Sensex was almost 150points positive, but fell down to nearly 140 points negative. Buying after the mid session, helped the Indice overcome its lost gains and close nearly 152 points positive. Nifty closed at 4340.9 up by 49.8 points or 1.16%. Nifty made a high of 4362 and a low of 4249.70. Nifty took support at 4240 levels, bounced back again and closed above the 4315-4325 levels. Sensex closed with a again of 151 points at 14645.European markes opened up strong, that gave boost to the Indian markets. Markets men lack interest to take any long position pre budget. Every ones waiting for the Budget day to arrive. I personally do not think that there will be any surprises in the Budget. Last year they had come out with the People's Budget as the election day was nearing. But as the UPA are already in force, there wont be any special packages. News in the market are STT will be removed, Tax slab will be given more, special packages for textile industry, more FDI level.
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