Pri-Market Commentary!

Today, the bulls seem to be feeling fatigued after last week’s rally as the
direction has remained unclear over last two trading sessions. It seems
like the bulls have adopted a wait and watch approach ahead of the
budget. Taking a back seat for 2-3 days won't be bad as the budget is
just round the corner. For today, we expect a cautious opening on back
of mixed cues from the global markets. US stocks closed marginally
lower and major Asian indices are trading down this morning. Crude oil
is hovering around USD100 per barrel mark. Stock and sector specific
activity is likely to continue depending on the flow of news.