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Dalal Street is likely to open lower after a decoupling itself from the global markets for a day. Expect the benchmark index to give up more than 150 points or one percent for the day. The Midcap story might continue in select counters but the number of gainers might be limited

As expected Realty stocks bounced back on Tuesday and are likley to give up their gains in today's trade. Metals space might see significant correction as the the dollar continues to weaken. We strongly recommend selling most your portfolio if you are a short ter to medium term investor. We recommend a 'Sell' on Tata Steel and Tata Motors as we are of the opinion that these stocks are over valued at current levels.

Trim your portfolios and stay on the sidelines with cash. We are likely to get a better entry point than the current levels. Banking is another space that might see some correction as the stocks in this space have had a decent rally in the past few weeks.even Healthcare space which is considered as a safe haven for defensive investors is looking expensive with Ranbaxy and Cipla trading near their highest level in more than a year. This might be a good time to take a vacation and re-visit the market in the new year

Sensex comes to a Crossroads

Investors get ready for another dull day on the trading floor as the markets look tired at current levels. Expect the benchmark to trade within a band of 100 points for the second day in a row, as it is really getting tough to break the tie between the bulls and the bears

Select Midcap counter continued to rally even in a lacklustre market.Manaksia continued its magical journey and was locked in circuit for another day at Rs 91. Third rung counters like Sri Adhikari and Maxwell Ind showed some action. While traders favs like Jayaswal Neco and Rama Newsprint managed double digit gains. Adhunik Metaliks and Tata Elxsi showed great strength and good volume action on Monday.

Investors should stay partly invested for now and hold on to blue chips and cut exposure to speculative stocks. We believe that we might not see a deep cut in the market in the next few weeks or atleast till the year end. One might see some sort of correction in the first quarter of 2010. It is not going to be a smooth ride for the investors from here, as the tail winds from the economic bottom are still blowing fairly hard

Sbi buy in dips for this week

Bulls look weak after dollar strengthens

Stocks on Dalal Street are likely to open slightly lower on Monday morning on concerns that a rising dollar might pull the plugs on Carry trade. Expect the benchmark index or the Sensex to trade in a range of 50 to 100 points for the day. Midcaps and third rung stocks might outperform the rest of the stocks in the index

Auto and Banking stocks looked weak on Fridays session and might continue the their south bound trend even on Monday. Healthcare sector is one spot that is looking hot with Cipla taking the charge and Hospital operator Fortis Healthcare showing a fresh break out near the Rs 120 level. Smallcap stocks remained strong even in a slow market. The sectoral index gained 0.38 percent for the day, and the trend is likely to continue in these stocks.

Midcaps and Smallcap space is looking hot and is set to take the center stage. We are not big fans of this rally, but people who would like take part in it should trade in these stocks with tight stops. Karuturi Global, Prime Securities, Jyothy Labs are some of the stocks that are looking good on the charts. Medium term investors could look at Century Enka Rs 195 as the group company Centry Ind is likely to hike stake in the company. Lanco Infra is another stock that might spurt as the compani likely to approve a stock spilt so

Dalal Street to witness some profit booking on negative global cues

(03-12-2009 14:45:53): Took 5200put nifty home as btst

Stocks are headed for a lower open in the final day of trade for the week. A late sell off in the U.S. markets might spur a round of profit booking on Dalal Street. Expect the benchmark index or the Sensex to shed nearly 150 points or close to a one percent for the day

Investors turned defensive after an run up earlier in the day. The Sensex gave up nearly 100 points in less than 10 minutes in the final hour of trade.Pharma stocks were major beneficiaries of the cautious approach of investors and major funds. Stocks like Ranbaxy and Cipla pulled up the sectoral index by nearly 2 percent. Both the stocks closed up by nearly 5 percent with Ranbaxy reaching a new 52 week high.

Metals and Realty are two sectors that might see some profit booking today's trade. Investors could pare their positions in stocks like Sesa Goa, Sterlite Ind and Tata Steel. Some profit booking in Unitech, Orbit Corp and DLF is also adviced. Two stocks that look ripe for profit booking are Jet Airways and Tata Elxsi after the kind of run up we have seen in both the stocks. Book proftits at Rs 600 and Rs 300 respectively.

Finally a day for the bears is in the offing with chances of a severe sell off towards the end of the day. Exit speculative and second rung counters and book partial profits in quality stocks.We recommend short selling Ranbaxy today at Rs 511 levels and Think Soft is another stocks that is looking weak on the charts

New listing Buy Astec Life is looking explosive

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Asia is off for a good start with Nikkei jumping more than 1.5 percent in the opening minutes of the day. Realty Auto and Banking stocks were in the lime light yesterday. We like Realty and Banking to gain some more ground in today's trade.Tata Motors looked hot after nearly appreciating 7 times its 52 week low of Rs 125. IDFC and Ranbaxy were strong on good fund support.

The benchmark indices remained flat, but there was a lot of action in the midcap and smallcap space.The current market conditions point to some more speculative action in the coming days. It is not a bad idea for the risk takers to day trade in second rung stocks. But please be aware not to buy them on a delivery basis, as you might end up with 'junk stocks' forever.

It education stocks like NIIT Ltd and Aptech look strong on the charts and might move up after a side ways movement. There is something cooking in the Mastek counter as the stock was locked in circuit at RS 450 up by nearly 50 percent in the past 2 weeks. Private banks like Dena Bank and Lakshmivilas Bank look strong and might break out from current levels. The new listing Astec Life is looking explosive at Rs 89. Overall a flat day for the markets with some fire works from Midcap stocks, is in the offing

Nifty btst Book

sheth_jg (01-12-2009 15:28:27): Nifty opens up tommorrow

Stock watch HPCL

Short positions builtup in Tatasteel........

Metal stocks are likely to out perform today. Unitech was clearly the star in yesterday's trade and the stock might test Rs 90 level today. The markets are currently under Bulls control with 27 of the 30 stocks in the index finishing higher for the day.

Realty sector is heated up with the sectoral index gaining more than 6 percent. It is interesting to see big moves in these counters with 3 IPO's lined up to hit the markets to mopping up $ 5 billion from the markets.Rama Newsprint, Kiri Dyes, AMD Medplast and Noida Toll Bridge were some of the midcaps stocks that were on fire. Amtek Auto, Thomas Cook and Mic Electronics are some of the stocks to watch out from a short term perspective

Markets to take a pause after a decent run up

Stocks in Mumbai might take a pause after a good run on the first trading day of the week. Expect the benchmark index or the Sensex to give up nearly 100 points or more than 0.5 percent for the day. The Nifty faces significant resistance at 5,050 in the near term and the going will be tough from here on

News that India's economy in the quarter ending in September increased at 7.9% from a year ago, fueled a strong rally in Dalal Street. The heartening fact is that the rally was broadbased. The bad news is that the data is obscure.Metals, Technology and IT stocks were in the lime light yesterday. We recommend investors to book profits in metals and Real Estate as we believe that these sectors are vulnerable to FII selling.

Midcaps continued to dominate with some stocks trying to play catch up. Stocks like Rama Newsprint and Thomas Cook, Goa Carbon and Cambridge Solutions were in demand.Ahmednagar Forgings, Amtek Auto, SEL Manufacturing, Cummins India and Mic Electronics are some of the stocks to watch out in today's trade. We strongly recommend Jubiland Organosys and Century Enka from 3 to 5 day perspective

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