Bears might get a chance to make some noise on D-Street

Bears might finally get a chance to make some noise on Monday, after the RBI announced a 25 basis point hike in reverse repo rate suggesting that we might be nearing a point we might be near to a interest rate hike. Expect the benchmark index or the Sensex to give up one percent or more than 150 points for the day.

Telecom and Banking stocks were active on Friday,led by moves in Bharti Airtel, Idea Cellular and Reliance Comm. While Banking pack was strengthened by gains in PNB and SBI.Auto's might be the favorite sector for the bears as RBI's move to suck the liquidity in the system might impact vehicle sales. Stay away from Tata Motors, M&M and Hero Honda. Banking is another space that might see some profit booking in the short term.

Coming to the Midcaps, our call on MSK projects was on target with the stock hitting a 20 percent upper circuit on Friday. Another favorite of ours, Jubilant Food works added 17 percent to finish at Rs 344. We recommend booking profits in this stock at current levels.we do not want to blow our own horn, but S Kumars Nationwide, which was mentioned positively yesterday moved up by 19 percent to Rs 64. It is not a bad ides to trim your holdings at this price. Unfortunately, We do not have any picks for today, as we believe that Bulls need a break now, and let Bears play for a day

Market to end flat, action to be stock specific

Green seems to be the favorite color for the investors on Dalal Street as the market has refused to close in red for the past few days. We Expect another day of flat trade with some stock specific action. We see the Sensex trading in a band of 100 points for the day

AS WE SAID YESTERDAY THAT NIFTY AFTER OPEN – FACE SELLING PRESSURES OR PAUSE – SAME THING HAPPEN !!

NIFTY OPEN IN-LINE OF ASIAN MARKET AT 5232 AND SOON CLIMB-UP AT 5255 AND THEN SELLING PRESSURE STARTS IN NIFTY. ON THURSDAY NIFTY TAKEN SUPPORTS AT WEDNESDAYS LOW I.E., NIFTY FUTURE AT 5221 (NIFTY CASH AT 5214).

THE MAIN THING SEEN IN NIFTY THAT NIFTY NOT BREACHED OR TOUCHED WEDNESDAYS HIGH AT 5177 BUT TAKEN SUPPORT AT WEDNESDAYS LOW.

IT SEEMS THAT THE BULL LOBBY IS STRONG BECAUSE THEY HANDLE ALL SELLING PRESSURE AT 5220, ON THURSDAY WHEN NIFTY REACHED THIS LVL - BULL'S PICKED NIFTY BY GIVING SUPPORT TO BANKING SHARES AND THERE LAST WEAPON , NOT OTHER THEN - RELIANCE IND !!

OTHER THEN THIS, THERE IS NO CHANGE ON CHARTS AS PER OUR YESTERDAYS ANALYSIS. SO READ AGAIN THURSDAY’S DETAILED ANALYSIS…
SAME LVL'S WORKS, SO READ NIFTY LVLS ON OUR NEWS LETTER DATED 16TH MARCH, 2010

It was the turn of Banking sector yesterday with the sectoral index gaining more than 0.6 percent. Technology was another sector that looked good.ICICI Bank and Axis Bank were among top gainers in the Nifty 50 stocks. Idea cellular was the top gainer with a gain of more than 4.7 percent on huge volumes.

Skumars Nationwide is one stock that is looking terrific even after gaining 12 percent yesterday. The stock gained after the news hit the wires that the company is looking to raise $150 million by listing its subsidiary Reid & Taylor.Piramal life and Tyre stocks like CEAT and TVS Srichakra are other gainers.

The stock of MSK projects is likely to shoot up after Welspun group announced plans to buy 75 percent stake in the company for Rs 400 Crores. We see the stock to Cross Rs 200 from the current level of Rs 128.Watch out for select Infra stocks to shoot up on this news. Traders who have taken position in Dalmia Cement could exit the stocks on a gain of 5 to 10 percent today, as the stock might gain on the demerger news. Also book profits in Jayswal Neco after a 2 to 3 percent move today at Rs 38 level

Markets to continue their winning streak, but gains might be limited

NOW ON THURSADAY, MARKET OPEN UP WITH IN LINE OF OTHER ASIAN MARKET, BECAUSE LAST 2 – 3 DAYE NIFTY GAIN HANDSOME GAIN SO NIFTY MIGHT GO FOR PAUSE OR SOME PROFIT BOOKING AFTER GAP-UP OPEN

Stocks on Dalal Street are likely to trade in positive territory and might keep their uptrend in tact. expect the benchmark index or the Sensex to gain nearly 50 to 80 points for the day. Most of the action will be limited to stock specific stories.

PSU stocks rocked the street on Wednesday after being mum for most part of the week. The PSU sectoral index gained more than 2 percent led by gains in Hindustan Copper, STC India and Dredging Corp which registered gains ranging from 15 to 18 percent. Healthcare is another space that looked good.

ARSS Infra, Tulsi Extrusions, Shasun Chemicals and Man Infra are some of the stocks in the Midcap space that looked strong in yesterday's trade. Tata Elxsi is one stock that is looking for a fresh break out after crossing the Rs 300 mark. Engineers India, Vakrangee Software and Jayswal Neco look interesting from a short term perspective

Indices to maintain bullish momentum

Stocks on Dalal Street are likely to open higher following a late rally in equities on Tuesday. Expect the benchmark index or the Sensex to gain over 0.5 percent or nearly 100 points for the day. The indices have finally made a decisive move yesterday and are technically looking strong at current levels

Asian stocks made a good start to the day this morning following positive cues from the U.S markets. The Japanese benchmark Nikkei gained 0.6 percent, while Australia's ASX 200 and the Chinese markets managed to gain over 0.5 percent for the day.

Reliance Ind, was clearly the star of the day yesterday, as the stock inched higher by 4 percent breaking the key resistance levels at Rs 1068. Metals and Oil sector were major beneficiaries in yesterday trade and the trend is likely to continue in to today's trade.Concentrate on Metals and some select realty stocks.

Apollo Tyres and Jai Corp were two stocks that looked active and technically strong yesterday.Ruchi Infra, Insecticides India and JK Tyres are among the stocks that put impressive show. We recommend investors to hold on Trasport Corp for further gains. We like Polaris Software from a very short term perspective, while Dalmia Cements could be a surprise winner

Indices stuck in a narrow band

Trading in Indian markets has become a boring routine now a days, as the stock indices have hovered around the same level for the past 5 sessions. Expect the benchmark index to trade in a band of 50 points. There is lot of negative sentiment in the market, but this is being negated by market manipulation by funds with long positions

The enthusiasm in the market is dying down every day with the volumes taking a hit due to the lack of interest in equities. This is being prompted by directionless indices and little or not triggers to take index to the next level. we have seen a dramatic turn around in the markets in latter half of the day on some index manipulation by players who have taken bullish futures positions

Our Pre-market review pick Transport Corporation has gained to more than 19 percent giving handy gains to traders. We see the stock hitting Rs 125 level in the next 2-3 days. Texmo Pipes and Jayswal Neco were other stock that looked active yesterday. We see Thomas Cook and Rain Commodities giving decent returns to short term traders in the coming session

Indices face stiff resistance at current levels

Market are likely to be indecisive on the first trading day of the week, with a negative bias. Expect the benchmark index or the Sensex to trade in a narrow band, as it has been the case in the last 3 trading sessions. Most of the action is likely to be in the speculative scrips as funds are wary to commit to new purchases at the current levels

Commodities is one space that is looking attractive trading play, even in a dull market like these, while Realty and Consumer Goods saw some profit booking. Oil and Gas releated plays like Ciarn India and Chennai petro were active on Friday. Fortis Health, one of our favorite stocks moved up following hospital acquisition in Singapore.

Among the Midcap space, Hangung Toys Ltd (Rs164, mentioned on our Thursday premarket review) looks really strong with room for an appreciation of Rs 40 or a target of Rs 200.For traders, Goldstone Infra and Shivam Autotech are two stocks that look attractive for people willing to game and assume heavy risk.Transport Corporation and Indowind Energy, might be interesting short term plays.Overall a lacklustre day of trading with a negative bias.

Markets to stay range bound, Speculative activity to continue

Bull rally is likely to extend for one more day, as investors as Bulls are unlikely to give up their hold on the markets. expect a gain of 50 to 100 points on the benchmark index or the Sensex on the last trading day if the week.Midcaps will continue to dominate the scene as there are not triggers in the near term and investors will continue to look for new opportunities

Yesterday's gains in the Sensex could be attributed to some decent gains in IT and Technology related stocks, whose sectoral indices gained by more than one percent for the day.Wipro, Infosys and TCS helped the IT index and the Nifty. Bharti Airtel and Sterlite Ind were other heavy weights that contributed the gains in the Sensex.

Select Midcap stocks were in limelight inspite of the fall in the Midcap index and this trend is likely to continue going forward.New listing Man Infra finished off the day higher by 37 percent and there was lot of interest in the stock as reflected by the heavy volume in this stock. Another recent listing Syncom Healthcare gained 10 percent on strong operator activity and we see no value in this company.

As expected Texmo Pipes is close to the Rs 150 mark and offer no upside from the current levels. Core Project is another stock, that has seen string operator activity. Triveni Eng, MoserBaer India, Phillips Carbon are some the stocks that are worth watching from an intra day perspective