CALLS FOR THE DAY:

BUY: MPHASIS BFL

INVESTMENT CALL:

ZEE NEWS - TGT 60
RPL – TGT 90
NTPC – TGT 170
NIIT TECH – TGT 600

Levels for the day:
Resistance: 3861 / 3890
Support: 3760 / 3689

HOT PURSUIT:

Neyveli Lignite upbeat on Budget largesse
IFCI advances on Budget's higher non-plan allocation
Bajaj Auto eases after February sales disappoint
RCom spurts as annual wireless license fee may drop
IT pivotal strike back as additional tax seen harmless

Union Budget Analysis FY2008

Sectoral impact : Budget Impact Sectors

Positive : Capital Goods, Electrical Equipments, Food Processing/FMCG, Hotels, Logistics, Oil & Gas, Pharma, Textiles
Neutral :Auto Components, Automobiles, Banking, Media,Sugar,Information Technology
Negative: Cement, Construction