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SBI Life and Escorts to be among the top 5 budget picks

As we know that the Nifty and Sensex is declining on the daily charts, and will trigger fragility in the Indian market.

The Nifty is slowly moving towards 13,700 reducing the market strength.

Also, the Sensex is going to settle at 46,500 levels. This condition will prevail if the Nifty and Sensex both go beyond the support of 13,900/47,300 levels.

This was the downside, however, on the upside 14,200/48,200 and 14,350/48,500 will be critical resistance levels. Utilizing these levels will reduce the weak long positions.

On an average, the market is steeply falling and we can expect a very good economic crisis in the near future.

However, before the Union Budget 2021 takes place, there are still some options available in form of stocks.

We must look out for some strong and selective shares in our portfolio in range of 14,000 to 13,700 levels.

A relief is expected in the near future if the broader market crosses the 14,750 levels again.

Moreover, there are some top five shares that can be utilized to gain short term profits ahead of the Union Budget. The list includes SBI Life, Bharti Airtel, Ambuja Cement, Sail and Escorts.

Buying the shares of these companies would be profitable as per the experts opinion.


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