Carin,Onmobile, Gic Housing to run

Metals and PSU stocks were active in yesterday's trading. Metals might continue their up move an are in a clear uptrend.Investors are advised to focus on textile and power stocks for the next few sessions.

We like Alok Textiles, Bombay Rayon, Gokuldas Exports and Garware Wall in this sector . We strongly believe that this sector is getting for a re-rating after lying lows for the past few years. Also, keep a close eye on leather apparel stocks like Crew Bos, Evinix Accessories and Mirza tanneries to take advantage of the sops that will be announced soon.

Lanco Infra, Arvind Ind, Radico Khaitan,Voltas and Welspun Guj are some of the stocks to keep on the radar for intra day trades. Overall a higher opening is on the cards for the Sensex with a great finish to the week.

Flat to down opening seen in Market

We expect the market to be range bound in the 4200 and 4300 zone
in today’s trade and consolidate its gains. We continue
to maintain our short-term view that the Nifty may
consolidate in a range of 4100-4300 for a few days,
before marching upwards

The Nifty spot has supports at 4235, 4190 and
resistances at 4300, 4350

Maximum accumulation of OI was seen in the textile sector followed by fertiliser and telecom. Some unwinding was seen in the infrastructure space

• All textile counters had a magnificent rally in yesterday’s session on the back of significant long build up in OI. Positive
momentum is likely to continue in ALOKTEXT and ARVIND MILL

• After a profit booking session we again saw positive OI accumulation in fertiliser counters like CHAFER and NAGFER

• Telecom stocks like IDEA and MTNL added noteworthy long positions while short covering was seen in RELCOM.
BHARTI added significant contracts in OI along with a drop in price and surge in volumes. Shorts got added on the
second consecutive day in Bharti

• Fresh shorts got added in all sugar counters on the back of trading ban on sugar in commodities market

• As we pointed out yesterday, decent short covering was observed in infrastructure stocks like NAGARCONST,
GMRINFRA and HDIL

Stocks set to bounce back, focus shifts to large cap stocks

Stocks on Dalal Street are likely to recover from the sell off we have seen in the later half of the day. The Sensex is likely to gain nearly 3 percent erasing yesterday's losses. Watch out for Realty, Power and Banking stocks to lead the gainers.

Tuesday's sell off has seen some deep correction in Realty an Banking stocks which have lost more than 3 percent for the day. IT was the only sector that was immune to the bear attack. Sterlite Ind, Hindalco an Wipro Ltd bucked the trend by finishing off in green.

We expect yesterday's losers like Reliance Capital and Reliance Communications to bounce back in today's trade. Midcaps continues their winning streak an are likely to stay positive today. We do not expect a run away rally in midcaps today, as heavy weights are likely to outperform.

Spice Communications, Dishman Pharma, Era Infra, Archies and Fedders Lloyd were among the among major gainers in yesterday's trade. Jindal Power, MRPL, Austral Coke and GMDC are the stocks to watch out in today's trade. Overall a bullish day in the offing with bulls taking the battle back to the bears.

Indices to stay flat, time to trim positions in speculative counters

Stocks on Dalal Street are likely to trade flat, as investors are not convinced about the long term sustainability of the bull run. The benchmark index or the Sensex is likely to trade closer the magic 14,000 mark. Midcaps might continue to outperform and do not look tired any time soon

Realty and Healthcare stocks were in demand yesterday, while banking and power stocks took a breather.A total of 1250 scrips hit the upper circuit on the BSE and nearly 90 percent are them are not even in the BSE-500 index.We recommend investors to book profits in these stocks as the sky might be falling anytime for second and third rung counters.

Pharma major Ranbaxy spiked more than 20 percent to close at Rs 267 and another major move in this stock could be used to book profits in this stock at nearly Rs 290 level.Other major gainers include Nocil, Jaiprakash hdro and blue Bird.PSU stocks might see a good day aftre news reports that the disinvestment program is in fast track.

The markets are likely to mimic yesterday's trade with major indices in a narrow band and speculative action in speculative names.Alps Ind, Agrotech Foods, JPHydro, Man Ind, Emco Ltd and Brigade Enterprises might show some interesting moves in today's trade

Midcap Mania to continue

Stocks on Dalal Street are up for a flat to positive open after two days of correction. Expect the benchmark index or the Sensex to trade in a narrow band of 1 to 2 percent for the day. Concentrate on Midcap and Smallcap stocks for the next few days, as investors are likely to shun index stocks

We have seen a decent pull back in the afternoon session on Friday. Consumer Goods, Healthcare and Banking stocks were in the limelight.Metals and especially Steel shares are might fare well in today's trade. We see a strong resistance for the Sensex at 14,000 level and a close above this will likely see the benchmark adding another 5 to 6 percent.

Reliance Infra is in the news because of all right resaons. The promoters are planning to hike the stake to 48 percent through a preferential offer and there is news on the company bidding for Rs 50,000 Crore worth of projects. We do not see a big move in the stock at the current market price of RS 1100. The news of Singh's resignation as the CEO of Ranbaxy might bode well for the stocks in the long run and the scrip looks sound even from a technical perspective at Rs220 level.

According to latest reports. the divestment plan is on fast track and we might see a some headlines after the cabinet is finalized. The government is in dire need of funds to cover its deficit and there is a strong possibility of a stake sale even in PSU's like ONGC and BHEL. So we recommend investors to get in to the game early, even after a recent run up in PSU stocks.

Overall, we might see a flat to positive day with stock specific price moves especially in the second rung counters. We like NIIT Ltd, GMR Ind, IG Petro and Shriram EPC and Steel shares from an Intraday perspective.

Core Project on Radar

Stocks in Mumbai are likely to pull back on opening bell, as negative global cues and some profit booking might pose a threat to the bulls. Expect the Sensex to test 13,500 level in today's trade. Midcap and smallcap stocks might sizzle again as speculators are active in the market.

We might see an initial sell off in the market on worries about the political front. DMK as decided against participating the government and would like to extend support from outside. We don't see major impact from this, the only reason there might be a fall in the market will be weak global markets and some profit booking.

As expected the Sensex pulled back on Thursday but midcap and smallcap continued to gain in a hopeless market. We see the trend continuing even today, although the number of gainers might be limited due to selective buying and caution from the investors.

Interestingly, major international brokerages have placed a 'overweight' rating on the Indian markets and rightfully so as hot money is still flowing in.Cinemax India, Redington,Shriram EPC and IG Petro and Rural Electrification are some of the stocks to watch out in today's trade.

Mid Cap rally to Continue

Stocks in India are getting ready for a lower pen after a day of correction on Wednesday. Expect the Sensex to lose nearly 1.5 percent or 150 to 200 points in today's trade. Midcaps and Smallcap stocks might continue to rise in spite of the dampened sentiment

We have seen a great move up in traditional stocks like Tata Motors, Tata Steel, Ambuja Cements and Hindalco were among the top gainers yesterday and these stocks might correct a bit today. We would like to reiterate our bullishness towards PSU's, especially Shipping Corp and MTNL. MTNL Might see another good day on some positive news regarding merger with BSNL and divestment at a later day.

Oil is one sector we are bullish in today's trade. Watch out for Cairn India, Essar Oil and last but not the least some drillers like Shiv-Vani and Jindal drilling. Crude-oil futures rose Wednesday to their highest level in more than six months, ending above $62 a barrel on higher demand.

Midcap and Smallcap stocks are likely to continue their dream run as investors look for new places to make money. Watch out for stocks that have under performed in the past few days as investors might go shopping in these stocks. CineMax Ltd, Edelweiss Capital, CESC, Transport Corporation and Nissan Copper are the stocks that are worth keeping on the radar for today's trade.