The recent comments by the RBI and SEBI chiefs, suggesting that the upcoming budget might not be investor-friendly, indicate concerns about potential tax increases or new taxes. These statements hint at a possible shift in policy towards encouraging savings in banks rather than investment in the stock market.
Second it's also possible that this budget could introduce changes to the taxation of F&O trading
And if this happens, this could have a significant impact on the market
If you are a swing trader, its better to book your entire portfolio before announcement. We can make a new portfolio after Market settles down
I would also suggest investors to go a little light.
