Money Tree

Today is the big day and we have extremely negative global cues. US markets are down asia is down from 3 to 6 percent. Emerging markets have also closed in deep red. We expect a major gap down opening may be between 3 to 5 percent down. The budget will be presented at 11 A.M. and if some good announcements are made only then we can expect a recovery otherwise the markets may plunge further.

Go short early in the morning to ride the heavy fall but be cautious during the day as good budget announcements may trigger buying.