Steel shares are weak with few midcap banks...Sell n make profit during first half session
HPCL, BPCL ,IOC are good buy in morning session(profit book on time/rise)
There are rumors in the market that IFCI, is looking to rake in a partner and is considering various possibilities. We think that this far from happening and any up move in the stock could be used to exit the stock in the short term. Investors are also advised to stay away from speculative midcaps in the current market scenario.
On the flip side, we believe that the current correction will provide long term investors to 'accumulate' select stocks. We like some stocks in Healthcare and some select 'value' stocks which could provide a decent gains in the run up to the budget. We advise day traders to take small positions after a drop of nearly 2.5 percent on the Sensex as there is a possibility of a minor pull back.