Sensex to move side ways after a volatile week

Stocks on Dalal Street are likely trade in the green after putting on agood show on Friday.we have seen some buying coming in at lower levels giving much needed support to equities. Expect the benchmark index or the Sensex to trade in a band of 50 to 100 points and most of the action is likely to be stock specific

The Reserve Bank of India on Friday, left benchmark rates unchanged and instead boosted the CRR reserve by more than forecast, to 5.75 percent.The central Bank also raised the growth forecast from 6 to 7.5 percent for the year.Banking stock had a liitle relief rally on the news that the interest rates were left unchanged. IFCI, Uco Bank, RCF, Moser-Baer India and IDBI Bank were the top gainers in the index.

Smallcap and Midcap stocks showed some signs of life on Friday with both the indices gaining more than a percent. We advise investors to book profits on every rise, and only hold some positions in the Nifty and Sensex stocks. It is a good idea to stick to the big names as we believe that the largecap stocks will out perform the Midcaps if there is a recovery in the near term

Rate decision to decide the fate of the markets

Bears might return to the market after taking a pause yesterday, as investors take the exit path following big gains for the past one year.Expect the benchmark index or the Sensex to lose nearly a percent for the day. Midcaps and Smallcap stocks might feel the heat

Real Estate and Metal stocks might feel the pain for another day. Auto majors might also feel the heat as there might be selling in Tata Motors, Mahindra and Maruti.The much awaited meeting of the RBI will be held today. There may be a heated debate whether to start raising interest rates today and there is a strong chance that the banks to set aside more cash to temper inflation.The Reserve Bank of India may raise the cash reserve ratio to 5.5 percent from 5 percent, the first increase since 2008.

We are of the opinion that Mr.Subbarao will keep the rates unchanged but will take action on the CRR front. Overall, a bad news for the bank is in the offing, much of which is baked in to the prices of bank stocks. We might see some selling in Autos ans some Banks following the news. Please avoid going short in these markets as everyone in the Street is expecting a fall. Moreover, Indian markets have not participated in the up move we have seen in the Asian peers yesterday, so the magnitude of the fall might be limited.

Bears might take a break after a busy day

Expect the benchmark index or the Sensex to gain more than 150 points or close to a percent after the massacre yesterday

We do not advise buying stocks at current levels and every pull back should be used to trim your holdings. We foresee a better entry point for investors with a long term horizon. we are of the opinion that investors and traders should take a break from equities at this point of time and revisit the markets after a month or so, before placing their bets. We see the Sensex facing severe headwinds at 16,450.00 level from a short term perspective

Bear grip tightens on D-Street

Stocks on Dalal Street might trade in a flat band with a negative bias following a bad phase for equities for the past two days. We might see the Sensex trading within a band of 100 points for most of the day with selling pressure coming in at every rise

As expected realty and Auto stocks bore the brunt of selling on Friday . Metals is another space that might take a big hit today. We advice investors to lighten their positions and raise their cash levels as there is a likelihood of a prolonged bear phase for the next few months

Banking is another space that is vulnerable space ahead of the RBI Meeting on the 29th of this month. Stay away from both PSU and private bannks, and there are no exceptions.Third rung stocks like First Leasing, Goldstone Technologies and Kaushalya Infra continued to hit circuits, inspite of the bearish sentiment in the market

HPCL,BPCL..............Buy

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The two metal majors Hindalco and Sterlite Ind might come under severe selling pressure as they get ready to report their Q3 numbers today. SBI and HCL Info are among the other prominent companies which are on the deck to report their numbers today. Investors are advised to remain cautious and use any rise in the stocks prices to book profits or trim their exposure. We expect huge volatility in the stock prices ahead of the F&O expiry,later this week

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Markets headed for a positive finish to the week

Stocks on Dalal Street might trade in a range of 100 points on the Sensex for the third day in a row. Bulls are not likely to give up as the undertone remains bullish with enormous liquidity in the markets. There might be action in select story based Midcap counters

Oil and consumer Durables stocks were active among the largecap stocks. ONGC and Reliance Communications were among the top gainers for the day.Investment Bank JP Morgan has come out with a research note saying that Indian stocks may rise a further 17 percent by the end of the year helped by better than expected earnings estimates.

The bullishness has spread from Midcaps to Smallcaps now. The benchmark index tracking the prices of Smallcap stocks has gained 1.2 percent on Thrusday against a 0.8 percent gain in the Midcaps.United Phosphorus Ent, Surya Roshni, R.S. Software and Navneet Publications were among the notabel gainers in this space.Traders could also take positions in Balaji Tele, Shriram Transport, Infotech Enterprises and Sterlite Technologies for short term gains

10 India Stocks for 2010

Indraprastha Gas Limited
Industrial Gases & Fuels [CMP Rs 200, TTM P/E: 15.3x]

Mahindra & Mahindra
Automobiles - Tractors [CMP Rs 1150, TTM P/E: 18.3x]

Aurobindo Pharma
Pharmaceutical & Drugs [CMP Rs 916, TTM P/E: 12.7x]

Sterlite Industries Ltd
Metals- Non Ferrous [CMP Rs 915, TTM P/E: 20.2x]

Deepak Fertilizers
Fertilizers [CMP Rs 117, TTM P/E: 7.7x]

HDIL
Construction – Real Estate [CMP Rs 366, TTM P/E: 22.7x]

IndusInd Bank
Bank - Private [CMP Rs 146, TTM P/E: 23x]

Kalpataru Power
Power Generation/Distribution [CMP Rs 1133, TTM P/E: 23.2x]

Crompton Greaves Ltd
Electric Equipment [CMP Rs 436, TTM P/E: 23.9x]

GAIL
Gas Transmission / Marketing [CMP Rs 415, TTM P/E: 18.9x]