Stocks set to gain as debt fears subside

Bulls are likely to score for the second day in a row,as subsiding fears of European debt is likely to provide the much needed trigger for the sluggish markets. Expect the Sensex to gain more than one percent, or more than 150 points for the day.

IT stocks managed to attract lot of buyers yesterday and the trend is likely to continue today. The IT sectoral index gained more than 2.5 percent for the day and might gain further in the short term. Realty stocks have seen red even on a green day as the sector has become target of short sellers. We see Realty outperforming in the short term as there might some heavy short covering in this space.

PSU's made a come back today with HMT, STC India and Dredging corp garnering double digit gains for the day. GATI Ltd is one stock that has seen great action on huge volumes and is worth looking at, as there are talks of stake sale making rounds in the market. New listing Jubilant Food works gained 6 percent to close at Rs 244. we think the stock is priced to perfection, and investors should consider taking some money off the table at the current market price.

Nifty above 4780 is buying otherwise sell on rise

Stocks on Dalal Street might might open flat to negative on the back of negative cues from the global markets. We expect the benchmark index or the Sensex to lose nearly one percent or 150 points. Some select Midcaps, have moved against trend yesterday as the interest in this space remains strong

Asian stocks are off to a weak start after a fall in U.S stocks. Australia's ASX 200 is down more than one percent led by commodity stocks, which were hit badly by the strength in dollar.Japan's benchmark Nikkei lost more than 0.5 percent in the first hour of trade.

Telecom operators like Bharti Airtel and Reliance Communications were strong on a weak market yesterday. We expect some selling coming in to these stocks today. Metals and Realty might resume their fall after a day in green yesterday.

We advice investors to stay away from the markets and wait for a better entry point as there is further room for fall. we strongly recommend to sell Midcaps in your portfolio and try to accumulate select Sensex stocks. Tulsyan NEC, Kinetic Motors, Jindal Photo and Chambal Fertilizers were some of the stocks that were active in the Midcap space.

Flat to positive start on cards for the Indian markets

Hot Picks - Reliance Media, Spicejet

Stocks on Dalal Street are poised to stay side ways after a decent performance on Saturday. Expect the benchmark index to trade in a band of 50 to 100 points for the day. Midcap and Smallcap stocks might outperform the rest of the market today.

Realty and Metal stocks which were beaten down during the melt down bounced back with close to 2 percent gains on Saturday. Unitech, JP Associates and Suzlon were among the top gainers among the Nifty stocks on some value bargain hunting by some funds and value investors.

Media companies, Multiplex stocks in particular stole the limelight for the past few sessions. Inox Leisure and Fame India hit circuit filters on Saturday and Fame India might rally further in today's trade. Reliance Media, Gujarat Gas and Indraprastha Gas were some of the stocks that saw some action and could attract some attention in today's trade.

Indian markets might see positive momentum going in to the opening bell, but profit booking might emerge at higher levels. We recommend investors to trim their holdings in high beta stocks on every rise and stick to quality names for now.

Sensex to plunge in early trade on global woes

Indian markets are expected to plunge opening on bell, as fears of slowing growth return to the market. Expect the benchmark index to lose more than 2 percent or more than 300 points for the day. One can expect selling across the board as funds might dump their holdings and lock their profits.

On Wall Street stocks crashed under the growing belief that the global economy is weaker than many investors expected and likely to stop companies from hiring.The Dow fell 268.37, or 2.6 percent, to 10,002.18. The Dow has fallen 723 points, or 6.7 percent, since closing at a 15-month high of 10,725.43 on Jan. 19.The broader Standard & Poor's 500 index fell 34.17, or 3.1 percent, to 1,063.11.

Asian stocks are off to a terrible start taking cues from the performance of U.S. markets. Both Japan's Nikkei and Australia's ASX 200 lost more than 2.5 percent for the day. Commodity stocks were hit hard this morning.

As expected, Metal and Realty stocks were crushed yesterday, and we might see a repeat today. expect the sectoral indices to lose more than 3 percent for the day. We advice investors to exit Auto stocks like Tata Motors, Mahindra and Maruti. Sell Hindalco, Tata Steel, Sterlite Ind and Sesa Goa, as these stocks might see a free fall today.

Gold futures fell sharply along with other metals and commodities on Thursday, as concerns about economic growth and debt woes in Europe fueled a rally in the dollar. Gold for April delivery slumped $49, or 4.4%, to finish at $1,063 an ounce at the New York Mercantile Exchange.

We recommend investors to book profits in the following stocks, Shree Astha Vinayak, which has gained over 80 percent this week. Dwarikesh Sugar, which has gained over 70 percent over a week. Also exit shipbuilding plays like ABG Shipyard and speculative counters like ThinkSoft, Resurgere Mines and PVP ventures.

Markets to consolidate at current levels

Indian markets are likely to take a breather after putting in a good show on Wednesday. Expect the benchmark index or the Sensex to trade in a band of 50- 100 points for the day. However, there could be a flurry of activity in the Midcap and Smallcap stocks

Metal stocks were prime beneficiaries of the rally yesterday which helped the sectoral index gain more than 4 percent yesterday. Realty was another sector that was bid up in yesterday's rise. we recommend exiting metal counters as we might see profit booking coming in the metals space. Sterlite Ind, Hindalco and Tata Steel might see some selling today.

The party in the Midcap space continued Shree Asthavinayak, KPR Mill, Infinite Computer, Glory Poly and Inox Leisure were some of the major gainers in this space. Reliance Natural is another stock that is looking interesting as there was great volume action in the counter on a 7 percent gain.Rajesh Exports and Astra Micro were two other stocks that looked strong in yesterday's trade

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Nifty Only buy above 4940 levels, otherwise short on rise.....below 4800 it is more weak

Stocks to trade higher on D- Street on positive global cues

The stock market indices in Mumbai might get a nice lift from the positive momentum in global equities. There might be some value buying and short covering in the market,that could lead to a 0.8 to one percent gain on the benchmark index.

Consumer Durables stocks were leading gainers on Sensex, while FMCG and IT stocks remained laggards. It was a come back day for the Midcap and Smallcap stocks, as the indices tracking these stocks gained 1.8 percent and 2.7 percent for the day.

Agri Commodities were on fire yesterday with LT Foods, KRBL locked in 20 percent circuit. Other gainers include Hitachi Home, Subros Ltd and Elgi Equipments, which managed double digit percentage gains.Stocks like Great OffShore and cement stocks like ACC and Gujarat Ambuja might be great BTST plays in the current market.

Overall, a positive day for the markets in the offing, and any rise in the market should be used to pare long positions, as it is not the time to have overexposure to equities