Does the Finance Minister have space to take measures to spur growth particularly in light
of the below mentioned realities ?
a. High crude oil prices for a prolonged period of time.
b. Miserably weak demand situation in Eurozone.
Little prospects of improvement in exports in the near to medium term.
c. Wide current account deficit putting relentless pressure on INR vis a vis the USD.
d. More than neglected infrastructure and power sector.
e. Compulsion of presenting the last budget before going to polls.
Needless to say that the possibility of the budget being populist in nature cannot be ruled out.
Markets Quantified
ReplyDeleteNIFTY 27-Feb-2013
Current Market Situation :
NIFTY current close : 5797
NIFTY resistance level : 5912
NIFTY support level : 5756
NIFTY sentiment : sideways
NIFTY dominant cycle period : 16 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5821
NIFTY intraday resistance 2 : 5849
NIFTY intraday resistance 3 : 5890
NIFTY intraday support 1 : 5773
NIFTY intraday support 2 : 5745
NIFTY intraday support 3 : 5704
Markets Quantified