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Pre-Budget rally? Here’s how to play market now

According to experts, any small dip in the market now is definitely a buying opportunity. Sudarshan Sukhani of s2analytics recommends buying on correction, especially the Bank Nifty. He believes the next rally of the market will be led by the private sector banks.

Independent analyst Ambareesh Baliga believes the current up move in the market is clearly a pre-Budget rally after the Sensex and the Nifty recovered from the day’s lows to close in green.

According to experts, any small dip in the market now is definitely a buying opportunity. Sudarshan Sukhani of s2analytics recommends buying on correction, especially the Bank Nifty. He believes the next rally of the market will be led by the private sector banks.

 Adding to the discussion, Mayuresh Joshi of Angel Broking said right now there is a pre-Budget rally but if the Union Budget disappoints on February 28, market may fall thereafter. 

Among specific stocks, Baliga is bullish on  Suzlon Energy after Sun Pharma ’s Dilip Shanghvi bought 23 percent stake in the compan for USD 290 million. The wind turbine maker which was gripped with balance sheet, management issues will now see some relief, added Baliga.

Meanwhile, Sukhani is bullish on FMCG player ITC .

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