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Expect volatility to continue as prudent investors lock in profits ahead of Budget 2024: Aamar Deo, Angel One
Investors are locking in profits in stocks ahead of the highly volatile Union Budget 2024 session. Global cues remain positive with lower crude prices and optimism over a US Fed rate cut in March. FII selling is dampening investor sentiments. Nifty and Bank Nifty levels to watch out for are 21,000-21,100 and 43,500-44,000 respectively. Expectations for the Union Budget include spending on infrastructure, job creation, tax exemptions, and incentives for various sectors.