Markets to continue their winning streak, but gains might be limited

NOW ON THURSADAY, MARKET OPEN UP WITH IN LINE OF OTHER ASIAN MARKET, BECAUSE LAST 2 – 3 DAYE NIFTY GAIN HANDSOME GAIN SO NIFTY MIGHT GO FOR PAUSE OR SOME PROFIT BOOKING AFTER GAP-UP OPEN

Stocks on Dalal Street are likely to trade in positive territory and might keep their uptrend in tact. expect the benchmark index or the Sensex to gain nearly 50 to 80 points for the day. Most of the action will be limited to stock specific stories.

PSU stocks rocked the street on Wednesday after being mum for most part of the week. The PSU sectoral index gained more than 2 percent led by gains in Hindustan Copper, STC India and Dredging Corp which registered gains ranging from 15 to 18 percent. Healthcare is another space that looked good.

ARSS Infra, Tulsi Extrusions, Shasun Chemicals and Man Infra are some of the stocks in the Midcap space that looked strong in yesterday's trade. Tata Elxsi is one stock that is looking for a fresh break out after crossing the Rs 300 mark. Engineers India, Vakrangee Software and Jayswal Neco look interesting from a short term perspective

Indices to maintain bullish momentum

Stocks on Dalal Street are likely to open higher following a late rally in equities on Tuesday. Expect the benchmark index or the Sensex to gain over 0.5 percent or nearly 100 points for the day. The indices have finally made a decisive move yesterday and are technically looking strong at current levels

Asian stocks made a good start to the day this morning following positive cues from the U.S markets. The Japanese benchmark Nikkei gained 0.6 percent, while Australia's ASX 200 and the Chinese markets managed to gain over 0.5 percent for the day.

Reliance Ind, was clearly the star of the day yesterday, as the stock inched higher by 4 percent breaking the key resistance levels at Rs 1068. Metals and Oil sector were major beneficiaries in yesterday trade and the trend is likely to continue in to today's trade.Concentrate on Metals and some select realty stocks.

Apollo Tyres and Jai Corp were two stocks that looked active and technically strong yesterday.Ruchi Infra, Insecticides India and JK Tyres are among the stocks that put impressive show. We recommend investors to hold on Trasport Corp for further gains. We like Polaris Software from a very short term perspective, while Dalmia Cements could be a surprise winner

Indices stuck in a narrow band

Trading in Indian markets has become a boring routine now a days, as the stock indices have hovered around the same level for the past 5 sessions. Expect the benchmark index to trade in a band of 50 points. There is lot of negative sentiment in the market, but this is being negated by market manipulation by funds with long positions

The enthusiasm in the market is dying down every day with the volumes taking a hit due to the lack of interest in equities. This is being prompted by directionless indices and little or not triggers to take index to the next level. we have seen a dramatic turn around in the markets in latter half of the day on some index manipulation by players who have taken bullish futures positions

Our Pre-market review pick Transport Corporation has gained to more than 19 percent giving handy gains to traders. We see the stock hitting Rs 125 level in the next 2-3 days. Texmo Pipes and Jayswal Neco were other stock that looked active yesterday. We see Thomas Cook and Rain Commodities giving decent returns to short term traders in the coming session

Indices face stiff resistance at current levels

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.

Markets to stay range bound, Speculative activity to continue

Bull rally is likely to extend for one more day, as investors as Bulls are unlikely to give up their hold on the markets. expect a gain of 50 to 100 points on the benchmark index or the Sensex on the last trading day if the week.Midcaps will continue to dominate the scene as there are not triggers in the near term and investors will continue to look for new opportunities

Yesterday's gains in the Sensex could be attributed to some decent gains in IT and Technology related stocks, whose sectoral indices gained by more than one percent for the day.Wipro, Infosys and TCS helped the IT index and the Nifty. Bharti Airtel and Sterlite Ind were other heavy weights that contributed the gains in the Sensex.

Select Midcap stocks were in limelight inspite of the fall in the Midcap index and this trend is likely to continue going forward.New listing Man Infra finished off the day higher by 37 percent and there was lot of interest in the stock as reflected by the heavy volume in this stock. Another recent listing Syncom Healthcare gained 10 percent on strong operator activity and we see no value in this company.

As expected Texmo Pipes is close to the Rs 150 mark and offer no upside from the current levels. Core Project is another stock, that has seen string operator activity. Triveni Eng, MoserBaer India, Phillips Carbon are some the stocks that are worth watching from an intra day perspective

Trade Stock Specific,Midcaps on hot seat

Indian markets might open flat on global cues on Thursday morning, after coming off from highs of the day yesterday. Expect the benchmark index or Sensex to trade in range bound today. Midcap space is getting heated up. Although we have not seen a broad based move in Midcaps. There is very hight interest in select stocks.

Oil & Gas and FMCG stocks led the gainers yesterday with help from gains in ITC, ACC Ltd and Reliance Ind. While Technology, Banking and Realty stocks took a breather. The new listing Texmo pipes surged more than 54 percent on its first day and finished at Rs 138.60. We might see amove of another 10 bucks are so in this stock. We advice investors to stay away from this stock, as the company is overvalued at current levels, while traders can try their hand from an intraday perspective.

Our Pick (recommended to our subscribers at Rs 60) Man Ind vaulted more than 15 percent to finish at rs 77. The scrip might face some profit booking. Speculative stocks like Crew Bos and Global Vectra were very active in yesterday's dealings and it is not bad idea to keep distance from these scrips.Zylog Systems is one stock that stood out after upbeat comments from the CEO on acquistion in Canada. The stock spurted by 14 percent on huge volumes.

After Man Ind, we have come up with pick in Renewable Energy space that might give returns of more than 20 percent in the coming week. We like Nagarjuna Fert, IFCI and Hanung Toys from a 5-7 day perspective. Overall a good day for the bulls for especially the second and third rung stocks

Markets to trade in a narrow band

Major indices in Mumbai might coninue to stay in a narrow band for most of the day, as investors are wary of taking bets at higher levels and are undecided about the direction of the market going foward. Expect the benchmark index or the Sensex to trade in aband of 50 points for the day

We have witnessed some profit booking in Metals and PSU stocks with the sectoral indices losing nearly 1.5 percent each. Hindalco and Tata Steel pushed the Metals sector lower, while NMDC was the main culprit for the fall in PSU stocks, after the government has decided to fix the price band of the FPO between Rs 300 and Rs 350Tata Motors was another casualty among the index stocks giving up nearly 4 percent on the news that Auto major Daimler will offload its 5.3 percent stake in the company at a discount to the current market price.

Hanung Toys and Jubilant Foodworks led the gainers list and are looking relatively strong when compared to the other Midcap stocks. Prithvi Info has seen speculative activity and strong operator activity is not ruled out. We like Hangung Toys at Rs 156 level, as we believe that the company is fundamentally strong and fresh break out might suggest further upside after some consolidation at the current level of Rs 158. We see a target of Rs 200 in this stock, if the market maintains its momentum