Interim budget day

Monday is the interim budget day and the market will be volatile. As Nifty was not able to move above Panchamam recently, the Nifty's maximum may be limited to the top of Panchamam band width ie. 3077. One/two day up and one/two down tendency has not relinquished. Hence it is felt that further buying may be avoided by retail investors who are risk averse, till a clear picture emerges after the budget. A fall after the budget presentation in many stocks as in the case of Rail budget cannot be ruled out. Be on guard.