One can take a risk and buy nifty 4800 call and hold it till budget.. If budget announced is favourable, then nifty is likely to touch 4800 - 5000.

Nifty can likely touch to 4500 - 4600 before budget and on charts also nifty looks bullish. So take nifty call positions accordingly. If you are getting good profits intraday, then please book it as market would be highly volatile.

If budget is not favourable, market can tumbled down upto 3800 - 3600, but in few days it will bounce back to 4200 -4400

Weekly calls for week starting 22 June 2009:

1. Buy Axis Bank CMP 818 SL 793 Target 848 - 879
2. Buy Financial Tech CMP 1378 SL 1355 Target 1448 - 1510
3. Buy BEML CMP 905 SL 866 Target 958 - 1025
4. Buy L&T CMP 1610 SL 1575 Target 1649 - 1650
5. Buy Infosys CMP 1827 SL 1799 Target 1878 - 1920
6. Buy BPCL CMP 421 SL 412 Target 433 - 450

Sure short: BEML, Infosys and Axis bank

Delivery/positional calls [Budget picks]
IFCI, Kalindee rail, Texmaco, Kenex Micro, IVRCL and GMR