The markets last week remained in a tight range tracking weak global cues. We can safely assume that we may see a level of 6175 from Nifty at first, and from thereon, we can expect profit booking. Later though, in the coming days the market may trade subdued without many positive triggers. Nifty will have support at 6069 and 6000.

Budget
The major trigger the markets were waiting for last week, was the Union interim budget. On Monday, the Finance Minister presented the interim budget for the fiscal year 2014-15 with the following major highlights. The GDP expansion in the third and fourth quarters of 2013-14 was estimated at 5.2 per cent and for the same period, the fiscal deficit was seen at 4.6 per cent.