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Markets seem to have got all the positive news it was looking for in the near term. The corrective move that has started can be sharp and swift. It will provide the base for a stronger move later in the year. PSU Financials as well as Technology stocks look most vulnerable at this stage. A decent sized correction will give good opportunities to pick up stocks in a year which is likely to be a stock pickers market.

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1. The impact of the Budget speech on the markets is vastly exaggerated. 2. The trends in the markets are long term in nature and the Budget is an annual event. Normally events in a trend never have the ability to change the trend

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Market is likely to continue its upward journey aided by positive positive global cues.

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