Pay back time for the bears, Stocks poised to surge

Bulls are all set to go for a kill on opening bell after a terrible day yesterday
As mention yesterday Nifty close above 4980 is good ,result is in front of you today

Bang overseas is one stock that is looking interesting in a disappointing market. The stock after falling to a 52 week low of Rs 43 hit two consecutive circuits to end the day at Rs 58. Cambridge Solutions, Finolex Cables and Granules India were other stocks that remained strong and stood out in the falling market.

3i infotech Ltd is one stock to keep a close eye on ahead of the quarterly numbers. The stock looks attractive at Rs 93 and might provide a positive upside with its quarterly numbers. Expect a target of Rs 110, on this stock if all goes well.Alpha Geo, Core Projects and Dr Reddy Labs are some other stocks to watch out in today's trade.

Overall, it might pan out to be a great day for the bulls after a free fall for the past few days. We recommend short term traders and investors to buy stocks as there is likely hood for short term rally in the markets and who knows, a new 52 week high for Sensex might be in the offing for the Sensex next week

Reality Space weak

We see the market opening lower followed by a dip of nearly 200 points. Do not short this market, as we believe that there will be a rebound in the later half of the day, as we have been sliding for the past few days.

Allahabad Bank, Bhushan Steel, Biocon Ltd, Hanung Toys and Global Spirits are some of the stocks that are worth keeping on the radar ahead of the earning reports

CAIRN on Radar

ONLY Above 5080 Nifty Bulls take charge

Book nifty Stbt with Profits

Hpcl to Rock

Stocks on Dalal Street are likely to trade in a narrow band after taking beating due to the feud between the Ambani brothers. Expect the Sensex to trade within a band of 50 to 60 points as we do not see any decisive move in one direction in the near term

We recommend staying away from Realty and Banking stocks in the short term, as we believe that they have run up too much and too fast.

Tech Mahindra is likely to be under severe pressure today after reporting disappointing numbers with profits down more than 44 percent for the quarter. The company's new acquisition Satyam computers is now under the gun as the company might be delisted from NYSE for not filing its quarterly reports.we do not think it is a possibility. We recommend shorting Tech Mahindra at Rs 941 for decent profit.

Midcap space remained in limelight even on a down day. XPRO India, Pritish Nandy Communications, Welspun India and Hexaware Technology and Bajaj Hindustan were among major gainers yesterday. As recommended the new listing Euro Multivision remained subdued and lost more than 6 percent to close at Rs 41.

Allahabad Bank, Bhushan Steel, Edserv Systems, Hanung Toys and Larse Toubro are some of the stocks to keep an eye on for today's trade.Yes Bank is another stock that is in a new range at Rs 254. The stock gained more than 4.8 percent after investment bank Morgan Stanley came out with a bullish note on the stock

Time to Earn Not to loose

Investors are advised to focus on stocks related to oil after Oil topped $79 a barrel, extending its longest winning streak in two years.On Nymex Crude oil for November delivery rose $1.01, or 1.3 percent, to $79.54 a barrel. Watch out for stocks like Cairn India, Oil India and Shiv-Vani Oil exploration.

Escorts is one stock that is looking interesting on the charts. The stock has clocked a volume of nearly 3.5 million shares and has gained 8 percent in the Muhurat session. There are rumors of the company unlocking value in the land bank it owns. Shree Precoated Steels was another counter that saw heavy trading in the one hour session on Saturday. The stock spiked more than 12 percent with more than a million shares traded in the counter. Definitely a stock to keep on the radar.

New listing Euro Multivision has seen some life after getting clobbered to mid 40 level after issuing stock at an IPO price of Rs 75. The stock gained more than 7 percent for the day. We recommend traders to play in this stock from a speculative stand point as there are the company is fundamentally weak.

Polaris will be in deck today and is likely to report Q2 numbers in line with expectations. Meanwhile NIIT technologies declared great numbers for the quarter registering more than 25 percent growth year on year. Sterlite Technologies and Apollo Tyres are other stocks to watch out. We recommend traders to Buy Omnitech Info and Agrotech Foods ahead of their numbers later this week

Diwali Dhamaka Picks

We expect companies like Sadbhav Engineering, HCC, NCC, IRB Infrastructure and C & C Construction, Gujarat Apollo equipments will benefit from this planned investment in roads and highways. Of these, IRB Infrastructure is our top pick

GAIL, GSPL and Gujarat Gas are the companies which are into gas transmission in India. Our top pick is GSPL- A Pipeline Company which is at the right place; at the right time.

CMC, Rolta, KLG Systel, NIIT, Wipro and Genesys are some the companies active in the space. Our top pick is Gnesys International:

Others Like Ceat,Canarabank,Bank of Baroda,Suzlon Ahluwalia Contracts India can be added too

Markets to trade in a narrow band, Midcaps to dominate

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Bears below 5085 levels only

Stocks in Mumbai are likely to open flat but trade in a narrow band for most of the day as there is a tug of war going on between the bulls and the bears. Some investors are booking profits after the Sensex has more than doubled since its March lows, where as the money sitting on the sidelines is helping things towards the bulls camp.

Meanwhile midcaps remained in the spot light, as it has been the case for most of the year. Transport Corporation of India, Banco Products, Apollo Tyres and Escorts were some of the stocks that were among the top gainers on huge volume. We like Transport Corp and Escorts in this space. Satyam Computers was another stock that showed great deal of activity. The stock surged more than 7 percent to finish at Rs 117. We do not recommend buying the scrip at current levels. Traders could keep Excel Infoways, TV 18 and NIIT Technologies on their radar ahead of the quarterly numbers

No stopping for the bulls, the up move continues

The stock of Glenmark Pharma might hit a bump on the news that it received a warning letter from USFDA for the Codeine drug.

Euro Ceramics, Balaji Telefilms,Hitachi Home and Raj TV are some of the stock to watch closely ahead of their quarterly numbers.Even though the investors are skittish on the kind of run up we have seen,the earnings have beaten the market and the guidance till now has been good. We expect the bull run to continue for another week. So traders can place their bets, while investors could wait for a pull back.

BULLS BEHIND CAIRN

Risk appetite is showing no sign of abating as of now. Every fall, irrespective of its intensity is likely to entice fresh buying. The downside appears to be limited unless something horribly goes wrong in some part of the world.

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