Market is going into the Union Budget of 2011 with very little expectations. Also we have corrected over 15 percent from the recent highs. Usually this could be a good setting for a smart after budget rally. So if there is no major disappointment from the Finance Minister's speech and a clear roadmap for fiscal consolidation and reforms is laid out, markets can have a sharp rebound from the current levels. Lack of clarity on the above mentioned issues could lead to a continuation of the downtrend.
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