Global Markets make a come back

(27-11-2009 10:13:28): Buy minifty at 4850-4855 sl 4800 hold btst.wait for level to come for buy

Book nifty today in good Profits

Dalal Street will open in the positive zone after hit strongly courtesy UAE central bank's commitment to stand behind debt hit local and foreign banks by opening new lending window to banks.

Indian markets like other global markets are waiting for an oppurtunity to correct after flirting with the over bought zones. The massive bull rally unfolded in March, driven by excessive liquidity flows across the globe.

Time for investors to step back

While no one denies the fact that we are in for a multi year bull run, one should be cautious investing in the current global economic scenario with ripples of credit hit crises hitting the capital markets in bouts.

Realty space to get hit

Realty space will be the worst hit again given the huge rally in the last few months. These stocks are prone to corrections more than rest of the stocks. Investors are advised to go slow and try to avoid the sector in the next 2-3 months.

We are in for a corrective market in the next 1 to 2 quarters with consolidation mantra gaining momentum

Dubai World default to rattle investors on Dalal Street

Stocks are set to crash in the first hour of trade on the first day of new F&O series. A possible default by Dubai World on its dent might cause tremors in the Indian market. Expect the benchmark index or the Sensex to give up more than 2 percent for the day.

There was blood bath in the European markets on Thursday as fears of a potential default in Dubai sent shock waves through financial markets weighing on European equities.The U.S. dollar off of recent lows as investors sought out safe havens. Asian markets are in red for the second day in a row with Nikkei, Shanghai and Hangseng losing between 2 to 3 percent for the day. One can expect this sentiment to rub off on stocks in Dalal Street.

We advice investors to stay away from Real Estate stocks as there is a likely hood of these stocks getting hammered in the open. We recommend shorting stocks like Unitech, DLF and HDIL as we might see a big fall in this space in the coming days. Investors also should think about cutting their exposure to private banks, especially Yes Bank and Kotak Bank.

Engineering is another space that might take a hit with Dubai World default, as there companies like L&T, Punj Lloyd, Voltas and many other who has exposure to Dubai. These stocks might be hit as there is less likelihood of new business in the near future and also a possibility that they might get stuck collecting their dues.

We advice investors to sit out of the market till the new year and take a call on markets at a later date. We do not recommend bottom fishing or shorting at this time, with the exception of some Realty counters.

Markets to pull back on profit booking

The Indian stock markets are getting ready for another flat day with a negative bias, after ending little changed for the past few sessions. We expect the markets to trade in a band of 17,150 and 17,300 for the day

FMCG and Oil & Gas were the winners from yesterday's trade, while Healthcare and Realty were the laggards. Auto stocks like Hero Honda and Maruti onitnued their up trend on Wednesday. We recommend booking partial profits in Hero Honda, Maruti and Tata Motors, as we believe that there might be a snap back in share prices in the near term.

There was some fund buying in FMCG stocks like ITC and HLL today and this looks like a one time event and we do not see any follow up buying in these stocks. The new listing Astec Life Sciences closed up 2 percent from the issue price at Rs 84. We do not like the fundamentals of the company, but reserve our comments from a trading perspective especially after the kind of move we have seen in Think Soft.

Hilton Metal, Atlanta, Plethico Pharma and Midcap IT counters like KPIT Cummins and Mastek were active yesterday. We recommend staying out of the market for now, as the trend is not clear yet and with the F&O expiry ahead it is tough to take a call on the markets from an intra-day perspective. Overall, we expect a negative open and a flat close for the day.

Markets to trade in a narrow band for the second day in a row

Stocks in Mumbai are headed for another day of lacklustre trade ahead of the expiry in couple of days. We are likely to see the indices trading in a narrow band with the Nifty hovering in 5,050 and 5,100 band in sub-dued trade

Auto stocks were in limelight on news reports that there will be a price hike by major manufacturers in the near term. Maruti. M&M and Tata Motors helped the sectoral index gain 1.45 percent for the day. Metals stocks took a breather yesterday as investors booked profits in Steel stocks.

We see banking stocks losing ground today after remaining week yesterday. We advice investors to trim their holdings in ICICI Bank and SBI for now, as they might get a good entry point at lower levels. Auto Ancilliary stocks were in demand as there was some fund buying in this sector. Stocks like Easun Reyrolle, Eveready Ind were in demand.

Max India's stock gained more than 7 percent to Rs 227 on hopes of value unclocking in insurenace arm of the company. We see the stock doubling in the next 18 months. One can enetr in to the stock on some consolidation at current levels. There are no day trading ideas for today, as we think that it is a good idea to take a break from the markets once in a while

Markets to Consolidate at current levels

Stocks on Dalal Street are likely to open flat to negative after two consecutive days of big gains. Even though the market has technically breached the 5,100 mark which is considered as a crucial level according to most of the chartists on the street, we believe that there is lot of resistance at these levels and big upside is ruled out, atleast for the current expiry

Yesterday's move in the markets was mainly due to the gains in big boys like Reliance and ITC. We have not seen broader participation in the market, which is a concerning factor. The Banking pack, which has performed well in the previous session, was subdued as investors booked profits in this space.

Select technology counters were on fire with the likes of HCL Tech and Patni registering decenet gains. HCL Tech gained more than 5 percent on the news of $200 million insurance order, while stake sale news helped Patni gain 5 percent to close at Rs 466. We recommend selling this stock at RS 478 level. Telecom story is worsening day by day with Bharti, Rel com and Idea losing ground even in a positive market. These stocks have become favorite destination for short sellers and further downside is not ruled out.

Mahindra Forgings, GMDC, Tata Sponge and Omnitech Info were among the stocks that have attracted investor attention on Monday. Mphasis is one stock that should be closely watched for traders looking to take a bullish stance. The stock has been hammered to Rs 690 level in the past few sessions and is looking over sold at these levels. One could look to buy the stock for a target of Rs 720

Reliance Watch

Reliance Industries has made "a preliminary non-binding offer" to acquire LyondellBasell, the world's third largest petrochemical company, based in Rotterdam, Netherlands for upto US$12bn

Bulls will hope for a bounce back at regular intervals during the interim rough patch being seen on the bourses. At the same time bears will continue to scout for money making opportunities. One should remain on guard as volatility could escalate ahead of Thursday’s F&O expiry. Don’t get hurt while the bull-bear tussle is on.

The Nifty is likely to oscillate between 5100 and 4900 depending on the newsflow and fund flows

For India, the big event will be Q2 GDP data, which will be released on Nov. 30. This will be followed by quarterly results and RBI's policy review in January and Budget in February.

Reliance Industries Ltd. (RIL) would be in the spotlight today after making a bid for LyondellBasell Industries.

Essar Oil Ltd. may also rise after a report that Royal Dutch Shell Plc is acquiring a 10% stake in the company as part of a deal to sell three refineries to the Indian company.

Sugar stocks will remain in focus after the Government dumped a controversial clause in the proposed sugar ordinance.

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Indian stock markets are likely to be under pressure on Friday for the second day in a row following a sea of red in global equity markets over night. Expect the benchmark index or the Sensex to shed another 100 points in today's session.

Metals stocks are likely to be hit very hard following a rise in the dollar and we predict this sector to react sharply in the event of a crash in the markets. Stay away from counters liek Sesa Goa, Sterlite Ind and Tata Steel for the time being. Realty stocks might take another round of beating after topping the losers list yesterday.

We advice investors to hold on to quality stocks and also book partial profits. We are likely to see a lower open probably by 30 points on the Nifty and we might see the market trading in a band there after. NDTV is the stock that is looking good at RS 134 levels after selling stake to U.S based Scripps network in NDTV Life Style.

We have seen some speculative moves in stocks like BPL, Raj Oil and Resurgere mines. We advice caution on these stocks. Investors who have entered these stocks at lower levels should get rid them on every raise from here on. Sugar companies look like a good 'short' at current levels after the Govt decision to raise the Sugarcane prices offered to the farmers. GVK Power and GMR Infra might offer some decent returns for bears, who would like to be on the short si

Stocks to open flat to negative on Dalal Street

(17-11-2009 14:12:28): Nifty opens flat to negative tommorrow -20 to -40seen on global also ............some buying support from traders betting on the possibility of the Nifty reaching 5200 mark soon.

Tuesday belonged to technology stocks with TCS and Wipro leading the charge. We see the technology stocks staying subdued for the day as they are likely to take a pause today.Oil and Gas counters might see some activity with Cairn Energy and ONGC poised to gain.

Midcap space continues to look interesting as investors and traders have shifted their focus to value plays. We are witnessing increased speculative activity in this space with stocks like Ajmera Realty and Orbit Corp registering double digit gains.Take Solutions gained 20 percent gain after it reported that its has signed up Wanbury Ltd for PharmaReady SPL solution suite. Midcap IT space was very active with Hexaware, Mastek and Kale Consultants showing good amount of activity in a flat market.

We recommend traders to watch out for stocks like Patni Computers which has under performed it's peers yesterday. Also, keep an eye on sugar stocks like Triveni Eng and Renuka Sugars from a short term perspective

Sell SATYAM BINDASS target below 100 no sl

Dont jump and buy

Indian markets are headed for a flat to positive on opening bell, as the indices look tired after a decent rally in the past 10 sessions. We expect the benchmark index or the Sensex to open higher by 50 points or so. There is a likelihood of selling coming in at higher levels, especially in the afternoon session

As expected Realty and Metal stocks were among the leaders, while Auto stocks were on a wild ride outperforming the rest of the sectors. We recommend booking profits in Realty and Auto stocks for now, after a surge in these stocks on Monday.Book profits in DLF and Unitech on every rise and last but least Suzlon is another stocks that is worth shorting at Rs 72 levels for a quick gain for Rs 2-3.

Asian Electronics and PNC were surprise winners among the midcaps with the former witnessing a huge block deal early in the day. Auto Ancilliary stocks were on fire as the stocks move in tandem with the rally in Auto stocks. Munjal Auto, Hi-Tech Gears and Amtek Auto were among the major gainers.

We recommend day traders to avoid going long in today's market. We suggest investors to stay out of the market for now, as we might see some volatility as there is uncertainty about the direction of the markets from here on. Traders who wants to play long could look at Patni Computers and Crompton Greaves among the quality names for small gains.Short sellers could look at taking advantage of the spike in Suzlon and EKC to make money if the market corrects.

Markets headed in to a new orbit, Stocks to gain in early trade

The Indian stock market indices are headed for a major break out rally, as the Sensex looks to extend it's gains from last week. We expect the benchmark to gain more than a percent or nearly 200 points for the day.

Metal and IT stocks are likely to be on strong footing even after decent gains on Friday. But the Dark horse for the day might be Realty sector which was a loser shedding 0.9 percent in the previous trading session. We like stocks like DLF, HDIL and JP Associates for a quick trade.

We strongly believe that the euphoria in the market is going to continue for a while and there is a strong possibility that we might scale to new highs.Midcaps are clearly set to out perform the broader indices as there might be some fund interest returning in to these counters. Lyka Labs is one of the top gainers from last week and was locked in circuit, up by more than 20 percent. Clearwater Capital Partners, a major FII increase its stake in the company last week. Network 18, Exide Ind and Mukand Ltd were other gainers in this space.

Overall, another positive day for the stocks with some solid moves in Realty and Metal counters.We like KSK Energy, SREI Infra and last but not least Renuka Sugars for some short term gains.

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Stocks on Dalal Street are headed lower on the last trading day of the week, on negative global cues and lack of strong buying support at higher levels. Expect the benchmark index to give back close to one percent or nearly 150 points for the day.

As expected Metals and Realty stocks weighed on the markets yesterday. We see Banking and IT stocks to see some more profit booking today.We strongly believe that the rally in banks is over done considering the possibility of a rate increase in the beginning of the year.

We advice investors to take some money off the table from Auto sector. Although the outlook is great for the sector in the coming years, the run up has been vertical in these stocks and it is time to book profits. Book partial profits in Ashok Leyland, Tata Motors and M&M.

Midcaps remained active, especially WWIL, Advanta, Mahindra Ugine and Mcdowell Holdings. WWIL was locked in 20 percent circuit after the cabinet approved headend-in-the-sky (HITS), a system for multi-system operators to distribute television broadcast signals.Traders are better off to take today off, as the markets are likely to be choppy. It is a good idea to stay on the side lines and watch the show rather than taking stock in this kind of market.We recommend short selling, Tata Motors and Idea Cellular for traders who are willing to play in the markets today

IIP data, inflation eyed

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Stocks in the PSU sector continued to gain capitalizing as the disinvestment euphoria continued in the markets. This time around its was HMT and ITI's turn to spike. Metals and Oil and Gas were firm thanks to the falling dollar. We expect Realty stocks to recover in today's trade where as the Metals might take a breather after dollar bounced off lows today.

Austral Coke is one stock that is looking interesting among the smallcaps. The stock has seen lot of interest among speculative investors and is showing decent strength at RS 10 level. We recommend this as a high risk trade for traders who are looking at a quick 20 - 25 percent. Fertilizer stocks showed signs of like with FACT and Nag Fert leading the gainers. We see some more room in Nag Fert after a day of consolidation.

Our recommendation IVR Prime remained locked in 10 percent circuit for the second day in a row, following a share swap deal with IVRCL Infra. We recommend Usha Martin as a midcap idea at Rs 74 for a target of Rs 85 in the short run. Also one could look at stocks like Exide Ind, Ankur Drugs and Simbhaoli Sugars in the midcap space.

Overall momentum is with the bulls and investors are relatively less cautious than they were a week ago

Markets on a roll, winning streak to continue for the indices

Investors look forward for another strong session after stocks put a good show on Dalal Street on Monday. We are expecting the Sensex to open nearly one percent higher for the day, following strong performance in the global equity markets.

Banking stocks dominated the trade on Monday and are likely to continue their up trend in to the morning session today. There has been fund buying in select Realty counters especially, Shoba developers which was locked in circuit. We have seen some strong operator activity in another Realty midcap Orbit Corp.

We expect Metals to outperform rest of the market in today's trade, thanks to a new 15-month low by the US dollar.Traders could bet on steel counters like Tata Steel, Ispat Ind and penny chasers could look at Lloyd Steel for quick gains. Kingfisher Air might gain early momentum on possible stake sale to PE firms and a possibility of increasing the FDI cap.

KPIT Cummins info is another stock that is looking hot in the current market. The stock gained more than 17 percent to make a new 52 week high of Rs 98.55. We recommend this stock for short term traders with risk appetite with a target of Rs 110.Cement and Telecom stocks are the two sectors that have under performed yesterday. We think cement is one sector that is worth looking at as the counters have not participated in the rally. Telecom stocks are likely to fare relatively better today. Edserv Systems, IVR Prime, Prajay Eng, Maytas Infra and GIC Housing are some of the stocks to watch out in today's trade

Nifty Open flat

Stocks on Dalal Street are likely to kick off the week with a green tick after closing in green for the past 3 consecutive sessions. Expect the benchmark index or the Sensex to gain nearly 0.5 percent or 75 points. We do not expect a broad based rally, but we could see some stock specific activity

PSU's dominated the trade on Friday on the back of divestment news from the government. The sectoral index gained nearly 3.9 percent for the day and is likely to extend its gains to Monday. Realty and Metal stocks were firm. We have seen a flurry of activity in midcap Realty space and we advice long term investors to avoid this space as you might get a better entry point. Metal stocks are likely to hold their gains as the dollar continued its fall on hopes that the Fed would keep the rates unchanged for a prolonged period of time.

Sun Pharma Advanced Research was among the top gainers with a 16 percent gain thanks to some speculative buying and operator activity. The scrip closed at RS 88. We recommend investors to book profits at Rs 92 level, as this is a strong resistance for the stock. Reliance Ind Infra, TV Today Network, GHCL and Lanco Industries were among other gainers. RCF continues to gain for the second day in a row after a decent show on Thursday.It looks like investors have liked the idea of the company getting in to cement distribution business. STC and Dredging Corp were two other PSU's that spiked on hopes that they will be companies that will be divested in the first round of the process. It is prudent to trim your holdings in these stocks on another up move, as the divestment process might take couple of years from now.

Overall, a flat to positive day for the markets is in the offing. IVR Prime, Dhampur Sugars, Lanco Infra are some of the stocks that traders should watch out for in intra day trade.

Decisive time for Nifty. Chances are fifty-fifty

Nifty starts trade on friday morning to a global bullish momentum lead by US stock markets on positive data. Dow Jones clocked a 200 point gain, its biggest one day gain since July.

Indian markets yesterday took a U-turn much to the dismay of the bears after government ordered all listed, profitable central public sector enterprises (CPSEs) to meet the mandatory listing norm of at least 10 per cent public ownership.

Prominent among PSU gainers include RCF, IFCI (rumours of stake sale). The momentum is likely to continue in the PSU space for some time while market is gearing towards another round of beating if technical analysts were to be believe. Traders are setting their eye on 4850 for Nifty, the most respected level in the 4000-5000 range.

FII's seem to be in the withdrawl mode from the last couple of weeks. We might expect a deeper correction this month coupled with a holiday filled december. We believe in the domestic story especially consumption driven sectors are likely to hog limelight in the years to come

Time to take money Home

Bulls roared on Dalal Street on Wednesday, as positive global cues coupled bu short covering helped the Sensex regain the lost ground. Expect the benchmark index or the Sensex to consolidate after a big day of gains. We see the Sensex giving back close to a 0.8 to one percent or 200 points for the day.

Realty and Metal stocks which led the crash on Tuesday were major gainers on Wednesday's rebound. Jaiprakash Ind, DLF Lts, Hindalco, Unitech and Sterlite Ind were among the gainers in BSE-30 stocks. We advice investors to trim their holdings. especially in the Realty space as we believe that there is some more room to the down side for these stocks to look attractive.

One can expect some selling to come in, in the mid-cap space after a strong rebound yesterday. Excel Infoways, Educomp Solutions, Tips Ind, HDIL and India Cements topped the gainers charts. The direction of the market is really tough to predict from current levels. But it is safe to assume that bears have a strong hold on the market, and the bounce back we have seen may be a one time event.

It is going to be tough for the bulls to push the index up from here. We advise investors to trim their holdings and traders to play in small lots to avoid bigger losses.Overall, today might pan out to be another day in red. We recommend booking profits in Realty and speculative midcaps on any kind of up move

Book nifty btst in good profits

Good news After 15 Nov ....BULL WELCOME

Stocks on Dalal Street look to recover after a crash on Tuesday.We expect the market to open in green atleast in the open on bargain hunting and a close in green is in question looking at the past few sessions

Jet Airways and RNRL were two stocks that looked strong even in a falling market. Rumors that the court decision will be in favor of ADAG has propelled the stock to Rs 72 intraday. The stock gave up most of its gains to close the day at RS 66.50.Indiabulls securities and Indiabulls financials, Godawari Power and Rolta were among the stocks that were under tremendous selling pressure and suffered double digit percentage losses.

It is really tough to be a bull in the current market as 9 out of 10 people on the street are bearish on the market. We strongly believe that the long term bull market is in tact and what we are witnessing is a consolidation phase, where we might see another 5 to 6 percent of correction, before an up move. So watch out for the 4300-4350 level to start accumulating stocks

Markets look to break the losing streak

Auto stocks should be the leaders for the day after Auto major Maruti and Tata Motors reported better than expected sales numbers for the month of October. Expect decent gains in these stocks. Telecom sectors might witness a small bounce after Singapore Telecommunications has reported it intentions to buy additional 1.52 per cent stake in Bharti Airtel and will pay up to Rs 3008.4 crore for the stake.

First source IPO, Bartronics and Alkali Metals are some of the stocks that were really active in Friday's trade. We like the action in First Source as the stock gained more than 10 percent on huge volumes. One could look to build positions at Rs 33- Rs 34 level from a short term perspective. Dhampur Sugars is another stock that is looking interesting at Rs112 for a quick trade.

Overall a dull day for the markets. But do not expect a run away rally from these levels. There are is some selling pressure at higher levels. Most of the activity is likely to be stock specific from here on