Buy nifty and book profit
Bulls on D-street look to dominate the street, after a loss of close to 1 percent on the benchmark indices, on Friday. We expect the market to gap up in the open and then crawl from there all through the day. Expect heavy action budget themes, as the stage might set for these stocks
Metals and Realty sectors which suffered heavy losses on Friday might try to recover their losses. The correction on Friday hit the Mid and Smallcap stocks, more than the heavy weights, which lately has not been the trend in the previous corrections.
Watch out for Power, Rail related and some select cement stocks to firm up before the budget fever begins.Banking is another space that looks interesting at the current levels. We like Century Enka, Heidelberg Cement, Ind-Swift labs for today's session.Pidilite Industries,Orchid Chemicals and ABG Shipyard look sharp from a technical perspective.