The scrips to be focussed on for buying at the moment are Global Tele at Rs 155, Karur Vsya Bank at Rs 180, Reliance Industries at Rs 175 and Onward Tech at Rs 90. ITW Signode is now in the `no delivery' trading zone and can be considered for short-term trades by punters.

Castrol at Rs 655 seems is due for a price upswing as does Arvind Mills at Rs 65. Short-selling could be considered at the counter of ACC if it touches the Rs 1900-level. Yet, given the proximity of the announcement of the Union Budget, it would be advisable to close open positions at the earliest and adopt a wait and watch approach.