Notwithstanding the current corrections in the Indian markets, expert Sandeep Jain said that going into the Budget 2022 lighter augurs well. The announcements in budget will likely act as a trigger for markets to move up, the Tradeswift Director opines.

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He said that there is a strong support in Nifty50 at levels between 17,500 and 17,600 and the trajectory taken by the markets over the last hours should be taken as a positive, he further said.

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Another stock picked by him was Agro Tech Foods. This stock ended with gains on Friday at Rs 991.85 and was up 0.3 per cent from the last closing price of Thursday. It was recommended as an intraday positional pick. He puts the target price at Rs 1050 with a stop loss of Rs 950.