Previewing India's Interim Budget 1 Feb 2024: Market Trends, Expectations, and Strategies

 Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget for the financial year 2024-2025 (FY25) on February 1. Given that this upcoming Budget is a Vote on Account rather than a comprehensive Budget preceding the General Elections, major announcements are not anticipated on Budget Day. Experts suggest that this might not be a significant event for the markets, as a full-fledged Budget is expected after the government formation. However, the government's focus is likely to be on deficit reduction, promoting manufacturing, and investing in infrastructure. Traders are advised to consider the market trend leading up to the Budget and adjust their strategies accordingly. While intraday volatility is expected, it may be less pronounced than during a normal Budget. If the Budget emphasizes increased capital expenditure, railway and defense spending, there could be a mild rise in indices during the event. With the ongoing quarterly results season and the Budget approaching, market volatility remains elevated. Given that General Elections are scheduled for May 2024, this Budget will be interim in nature. While major announcements are not anticipated, the government may introduce popular measures such as increased funding for programs like MNREGA to boost rural earnings and stimulate the rural economy. The introduction of subsidies is also a possibility.Expectations are that the Budget will support sustainable economic development by investing in infrastructure and bolstering the manufacturing sector, aligning with the "Make in India" campaign. The Budget is also likely to further the government's commitment to transitioning towards a greener economy, focusing on renewable energy (such as solar and wind), biofuels (including biogas, ethanol, and green hydrogen), and electric transport.Historically, markets have experienced volatility leading up to the Budget, and the outcomes have influenced market movements. Therefore, traders are advised to exercise caution, book profits, and wait until after the Budget for long-term decisions. Implementing strict stop-loss measures is crucial to mitigate the impact of potential volatility on profits.

NET PROFIT OF 11126 IN TODAY'S CALLS 🥳 🥳

OPTION CALL PUT TIPS GIVEN IN TODAY'S POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2024/01/option-call-put-tips-for.html

HINDCOPPER 270 CALL BUY GIVEN @ 1.8-2 ACHIEVED TARGET 3 PROFIT OF 5300

ASTRAL 1800 CALL BUY GIVEN @ 14 ACHIEVED TARGET 22 PROFIT OF 2936

NIFTY 21500 25 JAN CALL BUY GIVEN @ 28 ACHIEVED 1ST TARGET 42 PROFIT OF 700

BANKNIFTY 45500 25 JAN CALL BUY GIVEN @ 180 ACHIEVED BOTH THE TARGET 220/255 PROFIT OF 1725

BANKNIFTY 45800 25 JAN CALL BUY GIVEN@ 144 ACHIEVED TARGET 175/218 PROFIT OF 465

NET PROFIT OF 11126 IN TODAY'S CALLS 

OPTION CALL PUT TIPS FOR 24 JAN 2024

 BUY 1 LOT HINDCOPPER 270 CALL @ 1.8-2 TARGET 3

BUY 1 LOT ASTRAL 1800 CALL @ 14 TARGET 22

BUY 2 LOT NIFTY 21500 25 JAN CALL @ 28 TARGET 42/55

BUY 2 LOT BANKNIFTY 45500 25 JAN CALL @ 180 TARGET 220/255

BUY 2 LOT BANKNIFTY 45800 25 JAN CALL @ 144 TARGET 175/218

PROFIT OF 15400 IN ICICIBANK STRATEGY 🥳 🥳

STRATEGY GIVEN IN 5 JAN POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2024/01/icicibank-option-strategy-for-jan-2024.html

ICICIBANK 1010 CALL BUY GIVEN @ 18 BOOKED PROFIT NEAR 40 

PROFIT OF 15400

INVESTMENT OF 12600

RETURN OF 28000

PROFIT OF 5200 IN PNB STRATEGY 🥳

STRATEGY GIVEN IN 16 JAN POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2024/01/pnb-option-plain-vanilla-strategy-for.html

PNB 102 CALL BUY GIVEN @ 2-2.1 ACHIEVED TARGET 2.6-2.7

PROFIT OF 5600

INVESTMENT 16000

RETURN OF 21600

RETURN OF 29700 IN DLF STRATEGY 🥳

DLF STRATEGY GIVEN IN 10 JAN POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2024/01/dlf-option-plain-vanilla-strategy-for.html 

DLF 770 PUT BUY GIVEN @ 13.8-14 & BOOKED PROFIT NEAR 18 

PROFIT OF 6930

INVESTMENT 22770

RETURN OF 29700 🥳  🥳 

PNB OPTION PLAIN VANILLA STRATEGY FOR JAN 2024

 BUY 1 LOT PNB 102 CALL @ 2-2.1 TARGET 2.6-2.7

ATUL STRATEGY BOOKED PROFIT

STRATEGY  GIVEN IN 11 JAN POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2024/01/atul-option-plain-vanill-strategy-for.html

ATUL 7000 CALL BUY GIVEN @ 115-120 & BOOKED PROFIT NEAR 129 PROFIT OF 1050

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RETURN OF 29400 IN CUMMINSIND STRATEGY

OPTION STRATEGY GIVEN IN 29 DEC POST TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/search?updated-max=2024-01-02T10:44:00%2B05:30&max-results=10

CUMMINSIND 2000 CALL @BUY GIVEN  80 & BOOKED NEAR 98 PROFIT OF 5400

INVESTMENT 24000

RETURN OF 29400

SAIL 110 PUT STRATEGY GIVEN ON 29 DEC TO CHECK VISIT https://optioncallputtradingtips.blogspot.com/2023/12/sail-plain-vanilla-strategy-for-jan-2023.html EXITED @ COST ON 10 JAN 2024 NO LOSS NO PROFIT 

ATUL OPTION PLAIN VANILL STRATEGY FOR JAN 2024

 BUY 1 LOT ATUL 7000 CALL @ 115-120