Media reports that the global market is pulling down the market but in reality it is not so.

Any announcements from the government in the budget session could bring in some cheers to the bulls.

Though the market was down whole of last week Infosys was able to keep its head above water. It had closed above its recent high in the last week. It would be interesting to watch this counter in the coming week as it has closed at Rs 2841 which is just above its key resistance point. We expect the stock to come close to Rs 2900 now. We had already informed about Infosys some time back. However the market condition is too bad and hence one should place a strict stop loss now. Please read the disclaimer before using any of our calls.

What to expect from the market now?

There may be a relief rally but it is too early to conclude it. We will have to study the bounce levels before taking any concrete decision. Bears are still controlling the market and those we acted on our advice when the Nifty was at 5950+ can enjoy the profits.