We see Commodities to make a come back in today's trade. Watch out for stocks like Sterlite, Hindalco and Tata Steel to take the lead as the stimulus package from China is expected to boost the demand for metals. In addition to that, the stocks in this sector took a heavy beating in the last two months and it is time for a pull back now.
TATA STEEL
Buy around 192 to 193.50 with Sl of 185 for a Target of 198.50 to 203.
SESA GOA
Buy, Around 79.50 to 80.50 with Sl of 76.10 for a Target of 84.50 to 87
STERLITE IND
Buy Around 246 to 250 with Sl of 237 , Target looks 267 , 273 to 280
Technically, we see the index facing its first resistance at 10,370.00 and a close above it will take the index to 11,500.00 levels. Overall a positive day in the offing and more importantly metals are going to make some noise in today's trade