Watch out for 5500-5600 range on Nifty: An analysis

Overall Union Budget 2011-12 was positive for markets. Fiscal deficit situation was under control and sentiment clearly turned positive.

March 01, 2011 / 09:41 IST

By Sonia Shenoy, Research Analyst at CNBC-TV18

Overall Union Budget 2011-12 was positive for markets. Fiscal deficit situation was under control and sentiment clearly turned positive.

Current account deficit situation won't go out of hand and fiscal deficit target of 4.6% is realistic. Roadmap for distribution of subsidy is expected soon.

Subsidy bill will come down significantly. Road map for black money laundering is big positive.

Market will now focus on global issues. Watch out for the 5500-5600 range on Nifty, says experts.

Fertiliser investment has given infra status.

first published: Mar 1, 2011 07:41 am

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