Weekly Snippet

A very choppy week lays in store. We have the Budget on Feb 29. Before that we have an F&O expiry. Stock specific action would be seen in Reliance Power, depending on what the board decides to shore up investor sentiment. Clarity will also emerge on whether Centurion Bank of Punjab will merge with HDFC Bank. The start of the day will hinge a lot on the global markets. Only improvement in global cues can bring some rally irrespective of the budget. Volumes may be a little higher on account of expiry.