Last week: Indian stock market saw some positive rise due to expectation of some kind of stimulus package in Interim budget that is going to be delivered today. Market saw rise of 3.6 % for the last week.

Today: Indian stock Market is predicted to see some uptrend as all eyes in the market are on the interim budget that is going to be delivered today. This year Interim budget is expected to see some better outputs as this is the year of Elections. Expectations have already built up for some sector specific measures that are likely to be announced and some sectors already have shown strength e.g. metals etc. The market is expected to have a direction for the short-term at least from the interim budget. The RBI is also expected to cut rates very soon and if it comes in the coming week, it would be one positive factor for the market. The inflation is also expected to fall further.

Caution: But before Interim budget is declared no trading should be done as bad budget can reverse the market trend.

BSE Sensex: (9635) The support for sensex is 9450 and resistance to move up is 9825.

NSE Nifty: (2948) The support for Nifty is 2900 and resistance to move up is 3000.

Important data to watch: Interim Budget, Global market.

Today’s Pick: Swing trading (for a day or two to book profits) can be done in RIL and L&T.