Buy or Sell | Positive on market in long term, buy Kajaria Ceramics

The Indian market continued to trade in volatile regime with negative bias post-budget announcement. Nifty index formed weekly high of 11,981 levels but failed to sustain the levels to make weekly low of 11,461 levels. Market is likely to remain positive on long-term basis on account of different initiatives laid down in Union Budget ranging from recapitalisation of PSU banks to relaxation in FDI policy for key sectors of economy. The kick-off of earning results for Q1FY20 is also likely to trigger trend for the Nifty index, says Dinesh Rohira of 5nance.com.