Market outlook in short term

Markets have surged up like a rocket after union budget announcement. Budget is neutral so  there is no specific reason why market should surge like this. Markets rose for  second consecutive days with Sensex closing at   18446.50  up by 623.10 and Nifty closed at   5522.30  up by 189.05 points.  Stock  markets witnesses a spectacular rally and auto along with banking stocks were  the hottest picks. This is the highest single day gain in last two years. But  still most of the analyst are skeptical about this rally and suggest caution.

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