Finance Minister Pranab Mukherjee will present challenging Union Budget 2011-2012 today. The markets opened 100-points up on expectations of much-needed reform announcements coming through in the budget. Moneycontrol.com gets top expert recommendations on best ways to trade and make profit.
Deven Choksey: Budget will be favorable event for markets. Markets to move up. Budget is likely to touch upon funding of infrastructure, banking, and non-banking FDI functions. Bullish on Insurance, retail, infra, NBFC banking. Top picks for the day- Bajaj Finserv, Mundra Port, Tata Motors, SBI, L&T. SP Tulsian: Fiscal deficit below 5% with the help of improved recurring income. Focus on agriculture, infra and banking. Bullish on Jain Irrigation, IDFC, Pantaloon Retail. Angel Broking: Positive towards budget. Markets will rally. Bullish on IDFC, ICICI Bank. Banking sector may see upside. Hem Securities: Positive on markets. Budget to be non-event for markets. Nifty Future support seen at 5305, 5245 and resistance seen at 5420, 5465. Buy Aban Offshore Future, target Rs 585. Sushil Finance: Markets are volatile. If Nifty crosses 5392 then levels of 5448 to be seen and if it goes below 5234 then levels of 5140 to be seen. Hitendra Vasudeo: Nifty has key support around 5177. Volatility band 5242-5432. Bullish on software sector. Nifty support seen at 5300. Positive move seen in Reliance Industries and IDFC.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
