“BUY WOCKPHARMA ABOVE 720 TGT 735/745 SL 700”
“SELL WOCKPHARMA BELOW 699 TGT 685/675 SL 720”
The Budget-induced optimism got a leg to stand on as
the Sensex today pushed higher for the fourth day by scoring 199 points to close
at 28439 a 4-month high after hopes built up that RBI might go in for a rate
cut at the Wednesday’s policy meet. The NSE Nifty retook the crucial 8,800-mark
today. Benchmark indices ended at 5-month closing highs on Monday, with
the Sensex rising 198 points to 28439. The Nifty gained 60.10 points at 8801. We
have looked at the three year data of Sensex and Nifty performance a week after
the budget announcement. Looking at the trend, the markets have not
disappointed atleast for a week post the Budget since 2014.