Flat opening in nifty

we expect another choppy day as Reliance Industries’ better-than-expected results will be offset by bleak global cues. RIL has surprised the market by surpassing all optimistic estimates. The index bellwether may see some spark at least in early trades.

Auto and Realty stocks may hog the limelight amid news of fresh relief measures being considered by the Government.

Airlines may also gain on news that a cabinet panel may take up the proposal to allow foreign carriers to pick up stake in Indian airlines.

Overall, the key indices are likely to open flat, may rebound a bit but are unlikely to sustain any bounce

Tata Steel

We recommend a sell in Tata Steel from a short-term trading perspective. It is apparent from the charts of Tata Steel that after bottoming in late November 2008 at Rs 146, it rallied up to Rs 260. The stock price has appreciated almost 78 per cent between late November 2008 and early January 2009. However, presence of significant resistance at around Rs 250 triggered the stock’s reversal. Since January 7, the stock has been on a short-term down trend. While declining, the stock breached its 21-day moving average. On January 22, the stock conclusively penetrated its 50-day moving average by plummeting 5 per cent on above average volume. The daily relative strength index (RSI) has entered into the bearish zone from the neutral region and weekly RSI is also featuring in this zone. The moving average convergence and divergence also has entered in to the negative territory. We are bearish on the stock from a short-term perspective. We expect the stock’s current decline to continue until it hits our price target of Rs 160 in the forthcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 188.

Banks and Realty stocks to lead the rally

Our nifty and Educomp will rock today

Expect the indices to recover the ground lost yesterday, a gain of 200-300 points or nearly 2 percent is on the cards in morning

SEBI today announced that founders of companies must disclose shares pledged in return for loans, as authorities tighten disclosure rules in the wake of the alleged accounting fraud at Satyam Computer Services Ltd.Banking stocks will be the first ones to bounce in today's trade. Metals and Realty stocks are likely to be among the major gainers.

Some power stocks like Neyveli Lignite and Guj Industrial Power migh put on good show after experiencing double digit losses yesterday. The stock of Satyam computer might have another positive close after news reports that L&T might be very close to take over the company with the support from other stake holders.

Nifty target 2720

As adviced yesterday, stay away from the banking stocks for now, ICICI bank might be on tremendous pressure from the bears in today's trade.Banking,Metal and Realty stocks are the sectors that are likely to be pounded by the bears.Investors from a long term perspective might look in to 'Power', 'PSU' and 'Pharma' stocks as safe plays for now

The Civil Aviation Ministry’s proposal for allowing foreign airlines to pick up a stake in domestic airlines might boost the stocks in the aviation sector. We expect the stocks in the sector to end flat given the negative sentiment in the market.Later this week the Committee of Secretaries headed by the Cabinet Secretary is to consider a proposal to allow foreign airlines to hold a 49 per cent stake in scheduled, non-scheduled and charter airline.

Wipro has announced its third quarter numbers, reports CNBC TV18. Its Q3 consolidated net profit went up at Rs 1,003.9 crore as against Rs 969.8 crore, QoQ. Its consolidated net sales were up at Rs 6,634.30 crore versus Rs 6,519.60 crore

Prefer selling at high

The global banking crisis has intensified this week as Royal Bank of Scotland Group Plc slumped 67 percent after saying it expects to post a loss of as much as 28 billion pounds ($41 billion) for 2008 and the government got ready to raise its stake in the lender.

Banking is the sector that looks vulnerable in the current scenario as we might see another round of defaults in the international banking sector, which might hurt the banking stocks.ICICI Bank and few oother private banks with international exposures are the ones to avoid for now.

Satyam Computers might see some activity on the upside with the news that Essar group might consider bidding for the company's BPO business.Unitech might see some buying interest after the company renegotiated 75 percent of its debt obligations with the lenders giving the company some breathing room to operate atleast for the next 12 months.

Sega goa, Satyam Buy

The stock of Satyam (Rs 24) might see a positive opening, as investors might bid up the shares of the firm following news reports that Engineering major Larsen & Toubro might be interested in acquiring Satyam Computer Services

There was some buying seen in the midcap space especially in PSU firms like Neyveli Lignite, which has seen some buying interest and a spike in the price on huge volumes. Commodity stocks might gain futher after a decent move on Friday, reflecting the global trend in metal prices. Tata Steel and Sterlite Ind might be the beneficiaries of this trend

We also advice investors to watch out for the so called 'Green' stocks, which might be the beneficiaries of the new Obama policies in the US. Wind energy major Suzlon (Rs 50.55) and Solar wafer manufacturer Moser Baer (Rs 70) are the stocks to watch out.

Nifty , Banknifty BTST will give good profit

Above 2740 No, Problem for Bulls !!!!!

Will, Take Nifty Future to 2770 - 2790 Mark.

Below, 2680 Marks, It'll Be Bear Grip !!!

Then, Will Hit 2667 - 2650 Mark

But, Chances Are Very Remote....

For traders, ICICI Bank could be a good bet intraday as the banking space might rebound after a sell off yesterday. The banking index fell nearly 6 percent yesterday and was among the major losers in the market.Zensar technologies, Jet Airways and Zensar Technologies are the stocks to keep a close eye on, ahead of their Q3 numbers.

We see compelling valuations for the long term players and advice medium term traders against taking new positions. Short term traders might consider trading in metal, IT and Realty stocks.Satyam is one stock that is living dangerously, but we do not see a huge down side from the Rs 20 levels

Sasken Communications is another stocks that is looking vulnerable after one of its biggest customer Nortel filed for bankruptcy and the stock might be hammered yet another time after the Tata's have backed out of the JV with the company

Sell satyam

Reliance might be under some pressure after a decent gain today. Short sellers might return back to the Realty counters after a bad day yesterday.Avoid Realty, Auto and Metal stocks for now. Dr. Reddy's stock might witness some selling this morning after the news that its consignment worth Rs 24 Crores is seized by the authorities in Netherlands, citing patent infringement.The stock will likely test the Rs 450 level and might even slide further.

The results on TCS are not likely to be anywhere close to Infosys. We advice short term investors to book profits at current levels of Rs 540, and long term investors should continue to hold the scrip