Stocks on Dalal Street are ready get back in to rally mode, after losing ground in the past week. Expect the benchmark index or the Sensex to gain one percent or 160 points to close at 16,850.00 level, giving it a shot at surpassing the 17,000 mark in the sessions to come
We like pharma space in today's trade. Lupin is likely to put up a strong show after acquiring US rights for Anatara a anti-cholestrol drug from US based Oscient Pharma.Dr Reddy is our favorite for the day even after surging 11 percent on Friday. This stock has a long way to go from here and we expect a some MNC picking up substantial stake in this bluechip. We see a target of Rs 1300 on this stock int he short run.
Midcaps space is ready to fire some cylinders once again after putting on a good show even in a falling market. L.T Foods, Kalindee Rail, Oswal Chemicals,Orchid Chemicals and GTL Infra were among the leaders. We like GTL Infra from a speculative stand point for day trades as the stock looks poised for a strong move for the second day in a row.
Midcap IT space looks poised for an up move with Satyam,Polaris, Aftek Ltd and Mindtree in the lead. Investors should watch out for stocks like Amar Remedies, Gokul Refoils and Renuka Sugars for some quick gains