Dont jump and buy

Indian markets are headed for a flat to positive on opening bell, as the indices look tired after a decent rally in the past 10 sessions. We expect the benchmark index or the Sensex to open higher by 50 points or so. There is a likelihood of selling coming in at higher levels, especially in the afternoon session

As expected Realty and Metal stocks were among the leaders, while Auto stocks were on a wild ride outperforming the rest of the sectors. We recommend booking profits in Realty and Auto stocks for now, after a surge in these stocks on Monday.Book profits in DLF and Unitech on every rise and last but least Suzlon is another stocks that is worth shorting at Rs 72 levels for a quick gain for Rs 2-3.

Asian Electronics and PNC were surprise winners among the midcaps with the former witnessing a huge block deal early in the day. Auto Ancilliary stocks were on fire as the stocks move in tandem with the rally in Auto stocks. Munjal Auto, Hi-Tech Gears and Amtek Auto were among the major gainers.

We recommend day traders to avoid going long in today's market. We suggest investors to stay out of the market for now, as we might see some volatility as there is uncertainty about the direction of the markets from here on. Traders who wants to play long could look at Patni Computers and Crompton Greaves among the quality names for small gains.Short sellers could look at taking advantage of the spike in Suzlon and EKC to make money if the market corrects.

Markets headed in to a new orbit, Stocks to gain in early trade

The Indian stock market indices are headed for a major break out rally, as the Sensex looks to extend it's gains from last week. We expect the benchmark to gain more than a percent or nearly 200 points for the day.

Metal and IT stocks are likely to be on strong footing even after decent gains on Friday. But the Dark horse for the day might be Realty sector which was a loser shedding 0.9 percent in the previous trading session. We like stocks like DLF, HDIL and JP Associates for a quick trade.

We strongly believe that the euphoria in the market is going to continue for a while and there is a strong possibility that we might scale to new highs.Midcaps are clearly set to out perform the broader indices as there might be some fund interest returning in to these counters. Lyka Labs is one of the top gainers from last week and was locked in circuit, up by more than 20 percent. Clearwater Capital Partners, a major FII increase its stake in the company last week. Network 18, Exide Ind and Mukand Ltd were other gainers in this space.

Overall, another positive day for the stocks with some solid moves in Realty and Metal counters.We like KSK Energy, SREI Infra and last but not least Renuka Sugars for some short term gains.

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Stocks on Dalal Street are headed lower on the last trading day of the week, on negative global cues and lack of strong buying support at higher levels. Expect the benchmark index to give back close to one percent or nearly 150 points for the day.

As expected Metals and Realty stocks weighed on the markets yesterday. We see Banking and IT stocks to see some more profit booking today.We strongly believe that the rally in banks is over done considering the possibility of a rate increase in the beginning of the year.

We advice investors to take some money off the table from Auto sector. Although the outlook is great for the sector in the coming years, the run up has been vertical in these stocks and it is time to book profits. Book partial profits in Ashok Leyland, Tata Motors and M&M.

Midcaps remained active, especially WWIL, Advanta, Mahindra Ugine and Mcdowell Holdings. WWIL was locked in 20 percent circuit after the cabinet approved headend-in-the-sky (HITS), a system for multi-system operators to distribute television broadcast signals.Traders are better off to take today off, as the markets are likely to be choppy. It is a good idea to stay on the side lines and watch the show rather than taking stock in this kind of market.We recommend short selling, Tata Motors and Idea Cellular for traders who are willing to play in the markets today

IIP data, inflation eyed

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Stocks in the PSU sector continued to gain capitalizing as the disinvestment euphoria continued in the markets. This time around its was HMT and ITI's turn to spike. Metals and Oil and Gas were firm thanks to the falling dollar. We expect Realty stocks to recover in today's trade where as the Metals might take a breather after dollar bounced off lows today.

Austral Coke is one stock that is looking interesting among the smallcaps. The stock has seen lot of interest among speculative investors and is showing decent strength at RS 10 level. We recommend this as a high risk trade for traders who are looking at a quick 20 - 25 percent. Fertilizer stocks showed signs of like with FACT and Nag Fert leading the gainers. We see some more room in Nag Fert after a day of consolidation.

Our recommendation IVR Prime remained locked in 10 percent circuit for the second day in a row, following a share swap deal with IVRCL Infra. We recommend Usha Martin as a midcap idea at Rs 74 for a target of Rs 85 in the short run. Also one could look at stocks like Exide Ind, Ankur Drugs and Simbhaoli Sugars in the midcap space.

Overall momentum is with the bulls and investors are relatively less cautious than they were a week ago

Markets on a roll, winning streak to continue for the indices

Investors look forward for another strong session after stocks put a good show on Dalal Street on Monday. We are expecting the Sensex to open nearly one percent higher for the day, following strong performance in the global equity markets.

Banking stocks dominated the trade on Monday and are likely to continue their up trend in to the morning session today. There has been fund buying in select Realty counters especially, Shoba developers which was locked in circuit. We have seen some strong operator activity in another Realty midcap Orbit Corp.

We expect Metals to outperform rest of the market in today's trade, thanks to a new 15-month low by the US dollar.Traders could bet on steel counters like Tata Steel, Ispat Ind and penny chasers could look at Lloyd Steel for quick gains. Kingfisher Air might gain early momentum on possible stake sale to PE firms and a possibility of increasing the FDI cap.

KPIT Cummins info is another stock that is looking hot in the current market. The stock gained more than 17 percent to make a new 52 week high of Rs 98.55. We recommend this stock for short term traders with risk appetite with a target of Rs 110.Cement and Telecom stocks are the two sectors that have under performed yesterday. We think cement is one sector that is worth looking at as the counters have not participated in the rally. Telecom stocks are likely to fare relatively better today. Edserv Systems, IVR Prime, Prajay Eng, Maytas Infra and GIC Housing are some of the stocks to watch out in today's trade

Nifty Open flat

Stocks on Dalal Street are likely to kick off the week with a green tick after closing in green for the past 3 consecutive sessions. Expect the benchmark index or the Sensex to gain nearly 0.5 percent or 75 points. We do not expect a broad based rally, but we could see some stock specific activity

PSU's dominated the trade on Friday on the back of divestment news from the government. The sectoral index gained nearly 3.9 percent for the day and is likely to extend its gains to Monday. Realty and Metal stocks were firm. We have seen a flurry of activity in midcap Realty space and we advice long term investors to avoid this space as you might get a better entry point. Metal stocks are likely to hold their gains as the dollar continued its fall on hopes that the Fed would keep the rates unchanged for a prolonged period of time.

Sun Pharma Advanced Research was among the top gainers with a 16 percent gain thanks to some speculative buying and operator activity. The scrip closed at RS 88. We recommend investors to book profits at Rs 92 level, as this is a strong resistance for the stock. Reliance Ind Infra, TV Today Network, GHCL and Lanco Industries were among other gainers. RCF continues to gain for the second day in a row after a decent show on Thursday.It looks like investors have liked the idea of the company getting in to cement distribution business. STC and Dredging Corp were two other PSU's that spiked on hopes that they will be companies that will be divested in the first round of the process. It is prudent to trim your holdings in these stocks on another up move, as the divestment process might take couple of years from now.

Overall, a flat to positive day for the markets is in the offing. IVR Prime, Dhampur Sugars, Lanco Infra are some of the stocks that traders should watch out for in intra day trade.