Stock calls by Sameet Chavan of Angel Broking: Buy Equitas Holdings

We may see Nifty going back to 12,300 - 12,390 ahead of the budget and a positive outcome would enable it crossing this sturdy wall of 12,400 convincingly.

Market jolts ahead of budget, but manages to regain strength
 

The starting point of the week gone by was excellent as the pre-open suggested a bumper opening at records highs on January 20; courtesy to gap up opening in two major index movers (RIL & HDFC Bank) after posting their quarterly numbers over the weekend. But this ecstasy at the opening was flatter to deceive. Markets started coming off fiercely right from the word go, in fact the selling aggravated as the day progressed to conclude with sharp cuts. This negativity continued for subsequent two sessions to slide towards the