D-Street likely to see ranged trade

Indian equities are likely to witness a ranged trade today with negative bias after a final hour rally that took short sellers by surprise yesterday. Wall Street extended the rally with Dow Jones adding up 50 point gain. IBM and Apple reported stellar numbers after hours on Tuesday

Markets - Not of woods, but end in sight

We are not convinced with yesterday's rally but expect the end of the selling soon. While midcap and smallcap stocks are out of favour understandbly as the recovery happens in the frontliners.

We expect markets to touch new lows (around 5500-5550) levels soon and then likely to bounce with a vengeance. RBI rate hike might be much needed trigger for the Bulls as the overhang will be done with

Q3 numbers not too far from expectations so far, D-Street to open in green

Stocks are likely to witness a gap up open marginally though, followed by a volatile ride on positive Q3 results from TCS. Wall Street closed for trade on Monday on account of Martin Luther King holiday.

Among noted companies that declare Q3 today include DCB, GAIL, Indiabulls Real Estate, Mindtree, Petronet, Tata Elxsi.

News Bytes

* Dandekars in talks to sell 15% stake in Camlin.

* Infosys told to pay Rs 400-cr tax on onshore sales

* Essar Oil posts profit of Rs 273 crore

* Larsen & Toubro's order inflow drops 25% in Q3

* TCS profit jumps 30% on all-round growth

* Axis Bank net rises 36% on robust credit growth

* IL&FS may infuse Rs150 crore in Maytas Prop

* Parsvnath targets Rs13,000 cr sales

* GAIL scouts for US shale gas assets; may invest $500 mn

* JSW buys Bellary Steel for Rs 2.1 bn

Nifty - Struggling to inch up

Yesterday's session indicate markets are beaten down on every attempt to rise. Disecting FII data yesterday's suggests a positive move today. FIIs bought nearly 600 cr worth Index Futures yesterday while sold 400 cr worth Index options.

We might find a bottom later this week.

D-Street to witness subdued session, China rate hike might take toll on metals

While global markets are hitting new highs every alternative day especially Wall Street and Nikkei, Dalal Street is stuck in the clutches of Bears, taking a severe beating in the last two weeks.

Wall Street hit a 30-month high while Nikkei is trading near to 8 month highs.

News Bytes

* Infosys plans to acquire smaller US outsourcers

* Allied Digital looks for UK JV partners

* UTV may exit Indiagames

* GMR, GVK groups may bid for Bali airport revamp project

* No Sebi ban on me or my firms, says Anil Ambani

* SBI to raise up to Rs 2K cr by bonds


Metals to lose sheen

Metal stocks might take a hit after China raised rates on Friday. From an investor perspective it is really tough to invest on D-Street with the kind of negative news flow one is witnessing. But we believe majority of the downsides are factored in and RBI policy meet next week might be the "Buy on News" signal.

Coming to traders this market is for bravehearts only and the volatility has driven traders out of the marke

Street looking towards the saviour (Nifty - 5700

Traders will be keenly keeping an eye on 5700 level for Nifty and might go all out shorting the market once the levels are broken. Asian markets are trading in the red on Friday morning

Nifty - Watch out for 5700

We believe this level will be tested in the early morning trade. Any bounce back in Nifty above 5820 levels will create panic among short sellers. While bulk of the selling is done there is still some more pain. The indicators are turning bullish though fresh shorts were created in the system yesterday.

For investors it is better to wait and watch while traders should carefully watch the levels

Dalal Street to extend pull back rally, eye Infosys numbers

Global markets found comfort in Portugal's ability to sell 10-year bonds at reduced borrowing costs with a decent rally. Wall Street closed with near to one percent gains on Wednesday. Asian markets are currently trading with decent gains on Thursday

Markets - Extending the pull back

Nifty is likely to extend the pull back rally with another round of short covering. This pull back rally to convert into a massive rally requires regulatory action.

For traders it is time to ride the rally while investors are advised to wait till Nifty crosses 6000 levels. Infosys numbers before market opens might impact the trade today.

Investors keep an eye on IIP data, indices showing no signs of a pull back

Indian equities continues to look jittery despite of an intraday bounce yesterday with traders and investors keeping a tab on the IIP data to be released later in the day.

5690 - the final saviour

Nifty bounced back yesterday from 5700 levels. While 5690 on Nifty is considered as the final support level before Nifty takes a plunge into a new territory, not seen in the last four months.

We still believe a bounce to 5950-6000 levels is still due but given the ferocity of the fall chances look bleak. India story was tamed by factors like inflation, interest rates etc

Panic grips Street,Deadcat bounce on cards

Dalal Street is likely to witness a subsdued opening with investors and traders keeping an eye onIndex of Industrial Production (IIP) data, to be released today.

Aluminium major Alcoa late Monday swung to a fourth-quarter profit on a 4% increase in revenue to $5.65 billion from the year-ago period. Asian markets are trading mixed today with minor gains.

Markets - At critical levels

Nity is at crossroads currently with the near term and major support at 5720, below which Nifty has an easy target of 5600 .

A deadcat bounce is not ruled out, given the speed of selling in the last one week. Expect huge volatility from here on. We believe markets to take support around these levels and bounce back will be sharp