Markets went up today with the sensex rising by 463 points to 24242 and the nifty rising by 146 points to 7368. The budget has been good giving maximum impetus to Agriculture and income tax slab have been unchanged. FDI has been provided in food processing Industry which will provide a fillip to Agriculture. The Asian Markets were also good which was a boost for Indian markets. Foreigners as well as domestic funds have been buying in the market thereby boosting valuations in the market. Many stocks have moved due to good valuations to buy providing an excellent buying opportunity. It is better to sell stocks which have appreciated post budget and keep on booking profits when the value rises. Better not to hurry take gradual steps. Happy Trading and Investing.
