RIL and RNRL will be in focus post the Bombay High Court order. Auto and cement companies will hog the limelight as they release monthly sales data. Satyam will continue to see action based on the news-flow
Realty stocks were one of the major gainers among the sectoral indices and the stocks in this sector are likely to correct this morning. DLF should attract some buying interest on the news that it is planning to divest some of its businesses to maintain financial stability going forward.
Metal stocks like SAIL , Hindalco and Sterlite Ind have witnessed some action one volume front and we recommend taking long term positions in this stocks if you are looking for gains in the medium term. One can look at doing sme bottom fishing in this space on weakness today.
Indiabulls securities Rs 22, is worth keeping an eye for short term traders, as the company might surprise the share holders with buy back proposal at a decent price. Praj Ind, is another stock to keep on radar ahead of its Q3 numbers later today. Overall, a flt market with a negative bias, atleast in the morning session. It is not a bad idea for intraweek traders to take positions if the market gives up more than 2 percent