Only third time in history, it is going to be presented on Saturday, against the tradition of
presenting the same on weekdays, especially during market hours. It provides the policy maker and opportunity to judge the impact on industry on real time basis. This time market will be open on Saturday for trading.
The year has already started with all sorts of drama, emotions and big surprises with a hashtag #"dirty politics". Hence we cannot ignore big surprises. Railway budget will set the tone today.
A million dollar question, what will happen to market?
Since Jan, 2012 market has not witnessed any significance correction. Following BJP whitewash, this would be interesting to see, how a strong Government behave. India has grown from a toddler in 1992 when our last prime minister open this to world market to world biggest growing market.
As a trader, buying index before important announcement and selling in next 30 min is common. This budget it is not going to happen other way round. Intraday volatility cannot be ruled out.
Following pictures has been taken from earlier budget session this may help you to catch the bus.