Budget may trigger upmove, says Karvy

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS ACC an underperformer; target of Rs 761: Karvy Aviation Budget '10 wishlist: Focus on air traffic control ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

In an interview with CNBC-TV18, Ambareesh Baliga of Karvy Stock Broking, spoke about his market outlook during Budget. He said, "Budget could be a trigger possibly for some sort of an upmove because we are getting into the Budget season with a lot of caution and fear. In case the Budget turns out to he a non entity, like what we had seen in the past two Budgets, there will be no major negative announcements. We could possibly see 4,500 levels before the Budget. There could be pullback to the levels of around 4,700-4,800 post Budget."