Investsmart - Morning Call

Market Grape Wine :

In House :

Markets to open weak with 300 to 250 points down and to see selling at all
pull backs .

Pressure to continue in the market as global cues are bad .

Nifty at a support of 3827 & 3769 & 3659 levels with resistance at 3906 &
4001

Sell : Escorts at 134 levels 128 s/l 136.5

Sell : BankIndia below 168 target 160 s/l 171


Out House :

Sensex at a support of 13011 & 12798 levels with resistance at 13542 &
13786 levels .

Maintain strict stop loss for your trades as Budget Day Today with Global
Markets Bleeding Heavily .

IT surcharge cut expected with reduction in excise duites across the board
.

STT to go up by 20 % to 25% expected with increase in sectors under
service tax .

Infra to ripe benefits from the Budget expected & Handicraft and Jewellery
Industry to get rebates .

Stay calm and dont jump the gun with news with profit booking at higher
levels not ruled out .