Dalal Street is likely to witness a volatile session today with Bull pointing guns towards 6020 level for Nifty, considered as a key resistance level. Overnight US Markets closed in the green. We expect a good rally in the US stocks in the next three months.
News Bytes
* Coal India close to buying 15% stake in Oz mine
* Satyam minority investors oppose merger with TechM
* Moser Baer commissions India's largest solar plant
* Dr Reddy’s inks pact with Russian pharma firm
* Patel Engg-led consortium bags Rs 300-cr order
* Dr Reddy's inks pact with Russian firm R-Pharm
* Essar bids for Shell's Stanlow refinery
Outlook
For today broking stocks might attract interest in conjunction with Japanese broking stocks. Essar Oil might witness some action after reports of UK acquisition is doing rounds. Overall we believe this market is for investors with a little patience and one can witness a big action in the next three months especially in the small and midcap stocks.