|Market This Week
||Last week we saw a dip in the markets where the NIFTY closed down more than a percent. This was expected and it was good that we were on the sidelines. The January series is now over and we start off with an important month of the year which will take the budget into factor. However at the start of the February series the NIFTY is still stuck in a range. In spite of good earnings season we could be in this particular range for next one or two weeks. The Budget will be announced at the end of the month and that would get the bulls running. One can expect some buying in anticipation of a good Budget. Overall, our markets are looking positive. The S&P seems to be a little positive towards India last week and that’s positive since this matters to the FII’s who invest in India. The Reserve Bank of India (RBI) policy was also fair and slightly better than overall expectations. The FII flows in the market are good and evenly matched. The markets would be range bound for this week with some stocks preparing themselves for the post budget rally. Look for such opportunities.