(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