Market is likely to begin on a watchful note and go sideways afterward. It’s advisable to remain shielded and stand firm till the Budget is announced. Investors should be choosy and research before taking a stock. As far as India and the recent rally is concerned, there seems a bit of scope for further benefit. To validate present valuations and drive the bulls towards India Inc. it needs to have a good result. FIIs seem to have got careful. QIP issues are likely to have pushed some of these finances to take proceeds. Local and global funds remained net buyers yesterday. In the cash section, FIIs remained net buyers yesterday at Rs.1.08bn whereas the local institutions registered Rs.1.98bn. The foreign funds remained net sellers at Rs.9.38bn in the F&O section and FIIs remained net buyers at Rs3.97bn in the cash section on Monday.