People are waiting for the budget to pass: Anil Manghnani

Anil Manghnani, eqwise.in, Director, Modern Shares and Stockbrokers Limited

Do you believe that tomorrow morning will be flattish till the budget and possibly even after that?

After the budget is anybody’s guess but I think yes. The budget is a major event but even if you took that out then looking at the last three days the top for the Nifty has been 4884-4885 and the bottom around 4833 so talking of a 50 point range for three continuous trading sessions, if you take for the whole week also the Nifty is up 20 points over four days.

One doesn't typically associate that on an expiry week where you get three days of a 1% move, four days of a 20 point move. The market has gone all quite and people are just waiting for the event to pass us so we can move on again with our daily lives.