One Need to Subscribe for Stock and Nifty levels

Watch out for Oil stocks like Cairn India for some gains today.

In an interesting development, the government is proposing to increase foreign direct investment in Direct-to-Home (DTH) to 74 per cent, and up to 24 per cent in FM Radio.We like Dish TV Rs 40.10, Sun Tv Rs 243 and our favorite Rs 179. Bag Films and Adlabs are other companies that have minor exposure to FM radio.

Investors have punished Tata Motors, which fell more than 8 percent on reporting huge loss for the quarter and the Suzlon Energy got it's share of treatment as investors dumped the stock after lacklustre results. It will be interesting to see how the stock of Pyramid Saimira reacts to the news of sale of its assets abroad.

As expected midcaps fared better yesterday with a 1.14 percent against a 0.14 percent gain on the Sensex. JP Hydro, Praj Ind, Indus Ind Bank, Educomp and Glory Polyfilms are some of the stocks to keep on radar from a short term perspective.

One Need to Subscribe for Stock and Nifty levels

Expect a flat market in Indian markets, as most of the activity will be limited to stocks that might benefit from the budget. Tata Motors is one stock, we are bullish in today's trade, as the news of JLR entry to India is likely to boost the stock price from current level of Rs 340. Any positive news on the loan front will be a bonus for investors betting on this scrip.

It will be interesting to watch Suzlon (Rs 123) today, as markets will decide if they are going punish the scrip for the quarterly loss, or reward the company for registering a sales growth of more than 80 percent.Wockhardt Ltd might get some breathing room from its financial woes, as the company sold its animal health division to a French company for an undisclosed sum. We like Fortis Healthcare in the hospital space (Rs 100).

Investors are likely to focus on midcaps as we have not seen any interest in the index based stocks. The Sensex is likely to hover around the current levels. Traders can keep a close eye on Vakrangee Software, Gitanjali Gems, Titagarh Wagons,Adlabs and VIP Ind in today's trade.

Infosys Track

Realty, Oil & Gas and Banks might outperform the broader market. Crude made a come back on Thursday to nearly $69.50 per barrel on the New York Mercantile Exchange as prices hover under the year's peak on economic concerns. Watch out for Cairn Energy and Reliance Petroleum in this space.

Meanwhile the race for Great Offshore Rs 413 is heating up, as ABG is likely to make a revised offer soon, to trump Bharati Shipyard counter offer. We still maintain a target of Rs 450 on this stock.The stock of Unitech might see a sigh of relief. Unitech is poised for another upmove after a decent gain yesterday. The stock might reach Rs 92 in Friday's session.

Bartronics India was locked in circuit Rs 170, on speculation that the company will be a front runner in the newly announces 'Identity Card' program by the government. The stock has a long way to go from here. JP Hydro was another mover on huge volumes on some fund buying. Max India,BEML, D-Link and Hotel Leela are some of the stocks to watch out in today's trade

Nifty Btst book in good Profits

Banking, Power and Realty sectors are likely to outperform other sectors in today's trade. IT sector might witness some demand as gains in the technology laden Nasdaq might rub on to the Software stocks. Suzlon Energy has witnessed heavy buying among the NSE-50 stocks and the uptrend is likely to continue.

HDFC, ICICI Bank and Sterlite Ind remained subdued on Wednesday. Expect a mart pull back in ICICI Bank an HDFC, which might gain from reforms on the housing front. Dewan Housing Finance was also locked in 10 percent circuit as housing finance companies were in demand.

The stock of Educomp is on fire and surged by nearly 11 percent to 3,421 on news of investment from UK based publishing company, Pearson. Torrent Power gained more than 15 percent on huge volumes, on expectations of power reforms in the budget. Unitech, FACT, Glenmark Pharma and Pyramid Saimira are worth taking a look from a trading perspective.

Book nifty btst on Profit

Metals and Realty which have been the laggards in the past week are likely to bounce after taking a hard hit in the past 5 trading sessions. Watch out for a pull back in DLF and Unitech in Realty space and Sterlite Ind, Hindalco and Tata Steel. We like Tata Steel from a trading perspective.

Mahindra Satyam is likely to be merged eventually with the parent Tech Mahindra some time soon. This is bad news for Satyam shareholders as we believe that the swap ratio will be unfavorable to the current share holders of the Satyam Computers. It is a good idea to exit the stock at the current level of Rs 73.

In a separate development the race for Great Offshore Ltd is heating up as ABG Shipyard announced a counter bid to trump Bharti Shipyard's offer. We recommend a 'Buy'on Great Off Shore even at the current level of Rs 413. There is a possible upside of nearly 10 percent left in the stock.

We are likely to see a small rally in the run up to the budget. There are some decent stocks in Infra Structure, Auto, Textiles and Engineering space. We will provide the picks to the subscribers soon. Also, there are couple of stocks that might take a big hit from the budget. For day traders, Gateway Distriparks, Punj Lloyd, SUN TV and Gujarat Alkalies are some of the stocks to keep on the radar.

Click here to see IF U R lucky one

Tata Motors on Tuesday announced the first 1,00,000 lucky buyers of the popular small segment car 'Nano', and said that the names have been selected through a random computerised process.

Buy around 4120-30 nifty

Steel shares are weak with few midcap banks...Sell n make profit during first half session

HPCL, BPCL ,IOC are good buy in morning session(profit book on time/rise)

There are rumors in the market that IFCI, is looking to rake in a partner and is considering various possibilities. We think that this far from happening and any up move in the stock could be used to exit the stock in the short term. Investors are also advised to stay away from speculative midcaps in the current market scenario.

On the flip side, we believe that the current correction will provide long term investors to 'accumulate' select stocks. We like some stocks in Healthcare and some select 'value' stocks which could provide a decent gains in the run up to the budget. We advise day traders to take small positions after a drop of nearly 2.5 percent on the Sensex as there is a possibility of a minor pull back.