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Government may come up with a good budget this time to gain its lost image after recent scams

This article was posted on Feb 21, 2011 and is filed under Market News

With all recent scams last 2-3 months, many have lost faith in this government. A list of some of the recent scams is given below:

2G Spectrum Scam – Over 1 lakh crore
Commonwealth Games Scam – Worth 8,000 crore
ISRO scam – Worth 2 lakh crore
S-band scam – Worth 2 lakh crore

These scams have cost a lot to this country and all happening under the UPA government’s rule.

We could expect a good budget this time since government would want to improve its image. Could be the peoples budget.

What it means for stock market traders? – One can go long in nifty on dips. Strong support for nifty near 5250-5300 levels. can expect a good bounce if budget goes well.

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