Stop : 5-Day losing streak

US Markets took a U-turn in the afternoon session after sliding in the first half. Tomorrow is another critical day on wall street as Goldie
declares its numbers. It has been a concept of "selling on news" or discount theory at play on the wall street. Despite of better earnings from
IBM, Citigroup stocks seem to have discounted the same.

Back to domestic markets TCS posted impressive quarterly numbers though revenue growth is not exciting enough. RBI is likely to deliver the much
expected rate hike today. A 50 basis point cut is expected broadly and atleast for a day or two D-Street might try to recover part of the loses incurred
in the last 5 sessions.

As mentioned many times stay away from second rung stocks like HOVS etc which are purely controlled by operators. Realestate, banks are the two major sectors
for the day today. Auto might get the stick.

Stock to watch : Indowind Energy, DS Kulkarni, Gokul Refoils

Government" Sachs gets the stick, equities freak

(4/16/2010 8:43:03 AM): (4/9/2010 2:04:17 PM): guys buy only if ur convient with sl else remain nil coz v r expecting 200 points correction in nifty in coming days MARKET TO TEST 5175

Goldman Sachs popularly called as "Government" sachs by envies in the broking circles was charged on friday by SEC for fradulent dealings in CDOs. The news sent jitters across the globe pushing equities down in all major stock exchanges on the globe.

While the impact of the news ideally is not huge but the stock market is just looking for an excuse to correct and D-Street is already in the midst of a much awaited correction. RBI meeting tomorrow is likely to create high levels of volatility in the Indian market too.

We are uncomfortable with the current rally from the last 4-6 months though we participated in bits and pieces. Bears might have an upper hand in the next
2-3 months...

Talk about interest rate hike causes market jitters

Nifty above 5305 is in BULLS Hands

Stocks on D-Street might trade in a narrow range,after the Sensex lost more than a percent on Thursday due to profit booking. Do not expect a big rally in the indices, as it is clearly evident that there is lack of support at higher levels.

It looks like the market is in a selling mode, as traders expect the central bank to raise rates at its meeting on April 20. The inflation numbers for the month came in at a 17 month high adding fuel to fire. So the momentum is clearly in the favor of bears for now and any up move could be used to book profits or trim your holdings. There is good amount of selling in banking sector and this is likely to continue in the next week or so. Stay away from the Banking stocks.

There were some fire works in select Midcap stocks like Prime Securities, Kamat Hotels and Excel Infoways, which managed to register double digit gains. We recommend Shorting banks like IndusInd and Development Credit Bank for bears, who would like to short the stocks. It is not advisable to take bullish positions in the current market scenario and one could take stocks of the market in the later part of next week after the RBI meeting.

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Strong Quarterly numbers from JP Morgan and Intel lifted the spirits of investors on Wall Street sending Dow Jones higher by 100 points over the previous close to end at a 19 month high. The bull run started in March 2009, from the debris continues unabated.

While caution is the buzzword everywhere, many of the retail investors were left out in the current rally. Speculator/Operator activity is on a high and is likely to continue for some more time..We recommend investors to remind the popular phrase "Sell in May and go away". Valuations are no doubt stretched and stockmarkets need a cool off.

Given the current strength in cheap dollars driven rally, it is out of one's imagination how and when the correction would hit. While raising interest rates in the US is likely to be one key trigger, Chinese GDP has outperformed expectations and too much growth too early is definitely not what any central bank wants...Watch out for interest rate jitters in the next one month..

Indian economy is growing leaps and bounds but needs a cool off too before the next take off...Raising like a phoenix is dangerous in terms of technicals. V-Shaped economic recoveries ideally lack sustainability.

Stocks to watch today : FSL, Kohinoor Foods

Follow nifty trend just dont blindly short/long

US Markets managed to close above 11,000 benchmark, its 18 month high. But as usual the rally looks tired and might crack down on any hint of bad news. Asia is trading down with Nikkei sliding 110 points at the time of writing.

For the time being ULIP issue is burried with the Finance Ministry jumping in to broker a deal between SEBI and IRDA.

Infosys results will flag off the earnings season today. While Infosys as a trend decider has lost charm in the previous 2-3 earnings it still commands high respect from the IT group. Expect Infy to post better numbers while guidance may be muted and concerns might be raised in the currency front.

As always in this kind of run in the market we find many junkies moving up. The current rally is no exception and one should exercise caution here.

Keep a tab on hotel stocks Hotel Leela, Royal Orchid Hotels, Indian Hotels etc

IIP numbers todays and Infosys result Tommorrow

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Nifty strong only above 5405

Reliance Ind might see strong interest after the company agreed to pay $1.7 billion to form a joint venture to buy a stake in a shale project that could hold enough natural gas to satisfy U.S. demand for a decade.Any upmove in Reliance stock from Rs 1,123.00 level might give a big boost to the Nifty.

Ballarpur Ind is one stock that is looking hot after the stock gained more than 18 percent on a volume of over 34 million shares. The stock could consolidate at the current level of Rs 38, before making a further move up to Rs 46- Rs 47 levels. BAG Films, which was recommended by us in our prior reviews is another stock that is looking technically explosive, even at Sr 28 levels.

Brandhouse Retail and Ruchi Soya are other stocks that look interesting. Our recommendation Prime Focus scaled to news highs for the year and gained more than 13 percent to settle at RS 349 level.GATI , Rolta and Essar Oil are some of the stocks to watch out from 1-2 day, trading perspective.

Catious but a green start on cards

After flirting with the negative territory in the last two days, Indian stocks are getting ready for another leg of upmove. US Markets opened red yesterday only to close midly in positive zone.

While the current stretch in the global equities is driven by lower interest rates we believe soon (may be in a month) we will see a outflow of funds from global equities.

Speculators are ruling the roast on D-Street looking at the kind of stocks moving up. The story repeats and we advise investors to be extremely catious in illiquid stocks.

Two bright sectors : Cement && Realty sectors are looking good and we might see a spurt in both the sectors any time. Yesterday's trading action clearly points to an upmove in these 2 counters.

Stocks to watch out for intraday : Indowind Energy, Midday, Action Constructions, Geojit BNP Paribas