Expect the benchmark index or the Sensex to trade in a band of nearly 1 percent with some upside momentum.

We have seen a deep correction in Realty and Metals sectors and these sectors likely to be under pressure even in today's morning trade. Tata Steel was a major loser among the NSE-50 stocks and there is some more room for correction in the coming days. We have recommended investors to do some 'short selling' in Unitech and this has worked well. The stock made a high of Rs.92 and reached an intra day low of Rs 82which coincided with our intra day target.

One sectors that looks healthy even in this chaotic scenario is healthcare. We like Fortis Healthcare on a pull back here as the might be reaping the benefits of growing hospital industry and also the consolidation. Wockhardt Hospitals is again in news, as the company sold its German unit and is also looking sell stake in its hospital business. This might bode well for Wockhardt in the long run.

We like the generic drug market, as this space is likely to attract great deal of interest in the coming days. Cipla Ltd, Reddy's and Aurobindo stand out in this space along with Sun Pharma. Investors who would like to play safe can look in to this sector as these stocks have been defensive plays in volatile market.ABG Shipyard, On Mobile Ltd, Berger Paints and GSS America might be the stocks in the midcap space to closely watch ahead of some key events

Be stock Specific , Nifty range 4450-4550

We have seen some decent move in ADAG group companies yesterday with Reliance Capital and Reliance Infra making decent gains.We still believe that the market is not a safe place to be in the current markets. Go short in Realty, Metal and some speculative midcaps.

Unitech looks like a good bet for the shorts, as the company has announce plans to issue nearly a billion shares diluting the equity. We believe that the company has a long way to go and might face severe head winds if the economic crisis deepens.At around Rs 90 level, it looks over valued considering the effect of dilution on its earnings power. If by any chance, we see a spike on the news of the offering, sell this stock to make decent money for a target of Rs 82.

Satyam Computers is one stock one could look for a bullish up move as the stock has consolidated at Rs 80 level. Traders with some risk appetite could look in to getting in to this stock for a target of Rs 85. This pick is strictly for traders. Max India (Rs 227) might spike and might breach the 52 week high of Rs 245 on news of possible sale according to a leading business daily.

Wire & Wireless, Zee News, GSFC, Zee news are some of the midcaps to watch ahead of the Q4 numbers. Today might not turn out to be a good one for the bulls. We are not being a bear by being overly pessimistic. Just wanted to caution you that there is room for a pull back here. Long term investors who have a 18-24 month horizon there is nor reason to panic, if you are holding blue chips.

BPCL, HPCL good buy

Bears are likely to dominate Tuesday's session on Dalal Street, as negative global cues and profit booking might take a toll on the Sensex. Expect the benchmark index to give up nearly 2 percent or nearly 300 points and might test the crucial technical support of 14,520.00

Metals stocks took a beating on Monday as expected. Sterlite Ind, Tata Steel and SAIL were among the major losers on the Nifty as predicted by us yesterday. We might see further correction in Realty, Metal and this might spread to Consumer Goods and Durables today.

RNRL was a high flier yesterday as the stock jumped by nearly 25 percent to Rs 108 on the news of favorable court ruling. We advise investors to book partial profits int his stock, as the legal battle might extend for few months or years as RIL is likely to move to the higher court. It is a good idea to sit out of the markets today, as ther will be only few opportunities to trade. The market is likely to open low stealing away the opportunity to short at attractive prices. We advise investors not to short the market after a 2 percent fall in Sensex, intraday.

Nifty close Below 4550 we can see 4450

Tea stock to watch and Reliance

Stocks on Dalal Street are likely to undergo a small correction in the morning session. Investors are likely to book profits and lock in their gains after a humongous run on the Sensex for the past three and half months. The Sensex has gained 87 percent after the March 9th bottom. Expect the benchmark index to correct more than a percent or nearly 200 points for the day

There is a strong chance of a pull back in crude on Monday. We advise investors to book some profits and a little bit off the table. Metals are likely to correct and might underperform other sectors. Book profits in Sterlite Ind, Tata Steel and Hindalco. Realty will also be under pressure this morning as the stocks in this sector are technically weak after a 9 percent fall last week.

There is a strong chance for the Sensex to breach the 15,000 level on the downside. Midcaps are the most vulnerable as investors will refrain from taking on more risk and bet on these stocks. The Midcap space has been under selling pressure last week and this is likely to continue, atleast on Monday.

Ferlizer Stock On Radar

Commodity stocks which have been the new darlings for the street have led the gainers on Thursday and are likely to jump further on Friday. The stocks in this sector like Sesa Goa, Sterlite Ind and Tata steel look good from a trading perspective.

Sugar as a sector looks good in the current market Bajaj Hindustan, Triveni Eng an Balrampur Chini looks good for short term traders. Tulip IT, Gateway Distriparks and Noida Toll Bridge have seen a decent upmove with good volume action. Further gains are not ruled out. Expect a dull day of trade with minor gains on the Sensex, GAIL India, SREI Infra, D-Link are some of the stocks to keep on radar for day traders


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Buy in dips..Carin our Pick

Subdued credit growth is another worry. Monsoon could be lower than expected. Budget may disappoint. Exports are sliding. Fundamentals of India Inc. are yet to catch up with the surge in stocks. Considering these headwinds, one may argue that the recent run-up has gone too far, too fast. On the bright side, the downside may not be scary

Energy and drilling stocks will be the bright spot in today's market, as crude prices soared overnight, as supplies tightened. Light, sweet crude for July delivery settled $1.32, or 1.9%, higher at $71.33 a barrel on the New York Mercantile Exchange, the highest settlement since Oct. 20, 2008. Watch out for stocks like Cairn Energy, Essar Oil, Jindal Drilling and Shiv-Vani Oil Exploration.

We advise caution and it is a great idea to sit on the sidelines as the market is getting unpredictable at these levels. Oil related stocks, Everonn Systems, Hindustan oil Exploration and SREI Infra are the stocks to watch out for investors who are willing to take some risk

Mid Cap IT Sector in focus.Book BTST in nifty with good profits

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Metal stocks expected to rally after a slew of upgrades for the steel makers from global investment banks. Commodity prices continued to rise in the on hopes of a increase in global demand. Expect Sterlite Ind, Tata Steel and SAIL to lead the gainers list.

IT stocks might continue to rise after better than expected numbers from Satyam Computers. The stocks will likely open in circuit for the second day in a row. Also keep a close eye on Maytas Infra which is likely to be locked in circuit. We like second rung IT stocks like Rolta, Polaris and Geodesic at current levels for a quick trade.

Expect a 100 point gain on the Sensex with some fire works in the midcap space. GVK Power & Infra, Dewan Housing, Satyam Computers and some select second rung IT stocks are likely to be in focus for Wednesday's trade.