Market are likely to be indecisive on the first trading day of the week, with a negative bias. Expect the benchmark index or the Sensex to trade in a narrow band, as it has been the case in the last 3 trading sessions. Most of the action is likely to be in the speculative scrips as funds are wary to commit to new purchases at the current levels
Commodities is one space that is looking attractive trading play, even in a dull market like these, while Realty and Consumer Goods saw some profit booking. Oil and Gas releated plays like Ciarn India and Chennai petro were active on Friday. Fortis Health, one of our favorite stocks moved up following hospital acquisition in Singapore.
Among the Midcap space, Hangung Toys Ltd (Rs164, mentioned on our Thursday premarket review) looks really strong with room for an appreciation of Rs 40 or a target of Rs 200.For traders, Goldstone Infra and Shivam Autotech are two stocks that look attractive for people willing to game and assume heavy risk.Transport Corporation and Indowind Energy, might be interesting short term plays.Overall a lacklustre day of trading with a negative bias.