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Expectations are sky-high for Union Budget 2010-11, with this being the second budget session of the current Lok Sabha. However, apprehensions too are abundant. The expectations are fueled by the sharp recovery displayed by the Indian economy from the global economic slowdown. The rising GDP growth, easy liquidity in the banking sector and strengthening of rupee are all aiding the cause. However, the soaring inflation remains a cause of concern and a phased withdrawal of stimulus packages is likely to be announced in the budget. Burgeoning fiscal deficit is another cause of worry. The street will closely watch the measures the government will resort to fill the widening gap amidst demand for tax cuts and tax waivers.

NIFTY TARGET WILL BE 4898 AND SECOND TARGET WILL BE 4925AND VICE VERSA. BOOK 75% PROFIT NEAR TO FIRST TARGET AND HOLD 25% FOR SECOND TARGET
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ABAN OFFSHORE (LAST CLOSE 1192)
SHORT ON ABAN @ 1220 ON 19-2-10.HOLD SHORT WITH STOP LOSS OF 1242
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JINDAL STEEL & POWER ( LAST CLOSE 609)
SHORT ON JINDAL @ 610 O 19-2-10 HOLD SHORT WITH STOP LOSS OF 622
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LUPIN (LAST CLOSE 1533 )
SHORT ON LUPIN @ 1540 ON 19-2-10 HOLD SHORT WITH STOP LOSS OF 1562
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RELIANCE IND (LAST CLOSE 986)
SHORT ON RELIANCE @990 ON 19-2-10 HOLD SHORT WITH STOP LOSS OF 1010
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