Watch out for IIP numbers

(10-12-2009 14:00:46): Nifty btst..Book in good profit

Stocks on Dalal Street are likely to move up on the last trading day of the week on the back of positive global cues. Expect the benchmark index or the Sensex to gain more 100 points or nearly 0.8 percent for the day inrespect to IIP numbers are good. Midcaps are likely continue their domination and finish off the week on stronger note

The rest of the world is off to a stronger start as dollar continued to fall. Australia is up nearly a percent on opening bell and the Korea's Kospi opened up in green after gaining more than a percent yesterday. Consumer Goods and Banking stocks remained strong yesterday and might stay flat today. We like Fertilizer stocks in the short term as we think that that this sector has not participated in the rally. Chambal Fert, Nagarjuna Fert and Meghmani Organics are some of our picks in this space. Thomas cook is another stock that might spurt as listing of Cox & Kings might help the tourism space.

Midcaps continued their bull run and our recommendation Mic Electronics surged more than 19 percent ending the day at Rs 47.40. Smallcap stocks outperformed the rest of the indices by a wide margin for the fourth day in a row. Midcap stocks like ICSA, Zenith Computers and Asian electronics look strong and might build on their gains from Thrusday.

Overall, another positive day for the stocks in the offing as things look rosy and the euphoria might extend for few more days. To keep it simple, investors should wait on the sidelines, while traders could try their luck by placing bets on speculative midcap and smallcap stocks

Stocks to open higher on positive global cues

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Stocks on Dalal Street are poised to open in the positive territory after giving a pause on Wednesday. Positive cues from the Wall street and some speculative buying could keep the index in the fat to positive territory. Expect the benchmark to trade in a band of 50 to 100 points for the day

Asia is off for a flat start with the benchmark indices in Japan And South Korea trading flat and Australia is slightly in green in the first hour of trade. SGX Nifty, which tests the pre-market momentum is up nearly 15 points at 5,141.50.

As expected Metals and Banking stocks took a beating, courtesy of falling dollar. We see the fortune for the metal pack reversing in today's trade after the greenback pulled back in the currency markets. Metals look hot for day traders today.Hindalco, Jayswal Neco and Adhunik Metaliks are some of the pick for day traders.

Smallcap stocks were in spotlight on Wednesday with index tracking the smallcap stocks gaining 0.4 percent for the day. Things are really getting heated up in this space as Largecaps took a back seat as Funds are sitting tight and are commiting new funds to the heavy weights. Part of the reason could be attributed to the holiday season in U.S, which has kept lot of FII's away from the markets.

Alps Ind and Surya Roshini are two stocks that one could watch out for from a trading perspective. Midcap and third rung IT stocks are likely to extend their rally in to today. Watch out for Goldstone Technology, Four Software are worth watching. Agri Commodity stocks like LT Overseas and KRBL might be active for the second day in a row

BE IN STOCKS

Dalal Street is likely to open lower after a decoupling itself from the global markets for a day. Expect the benchmark index to give up more than 150 points or one percent for the day. The Midcap story might continue in select counters but the number of gainers might be limited

As expected Realty stocks bounced back on Tuesday and are likley to give up their gains in today's trade. Metals space might see significant correction as the the dollar continues to weaken. We strongly recommend selling most your portfolio if you are a short ter to medium term investor. We recommend a 'Sell' on Tata Steel and Tata Motors as we are of the opinion that these stocks are over valued at current levels.

Trim your portfolios and stay on the sidelines with cash. We are likely to get a better entry point than the current levels. Banking is another space that might see some correction as the stocks in this space have had a decent rally in the past few weeks.even Healthcare space which is considered as a safe haven for defensive investors is looking expensive with Ranbaxy and Cipla trading near their highest level in more than a year. This might be a good time to take a vacation and re-visit the market in the new year

Sensex comes to a Crossroads

Investors get ready for another dull day on the trading floor as the markets look tired at current levels. Expect the benchmark to trade within a band of 100 points for the second day in a row, as it is really getting tough to break the tie between the bulls and the bears

Select Midcap counter continued to rally even in a lacklustre market.Manaksia continued its magical journey and was locked in circuit for another day at Rs 91. Third rung counters like Sri Adhikari and Maxwell Ind showed some action. While traders favs like Jayaswal Neco and Rama Newsprint managed double digit gains. Adhunik Metaliks and Tata Elxsi showed great strength and good volume action on Monday.

Investors should stay partly invested for now and hold on to blue chips and cut exposure to speculative stocks. We believe that we might not see a deep cut in the market in the next few weeks or atleast till the year end. One might see some sort of correction in the first quarter of 2010. It is not going to be a smooth ride for the investors from here, as the tail winds from the economic bottom are still blowing fairly hard

Sbi buy in dips for this week

Bulls look weak after dollar strengthens

Stocks on Dalal Street are likely to open slightly lower on Monday morning on concerns that a rising dollar might pull the plugs on Carry trade. Expect the benchmark index or the Sensex to trade in a range of 50 to 100 points for the day. Midcaps and third rung stocks might outperform the rest of the stocks in the index

Auto and Banking stocks looked weak on Fridays session and might continue the their south bound trend even on Monday. Healthcare sector is one spot that is looking hot with Cipla taking the charge and Hospital operator Fortis Healthcare showing a fresh break out near the Rs 120 level. Smallcap stocks remained strong even in a slow market. The sectoral index gained 0.38 percent for the day, and the trend is likely to continue in these stocks.

Midcaps and Smallcap space is looking hot and is set to take the center stage. We are not big fans of this rally, but people who would like take part in it should trade in these stocks with tight stops. Karuturi Global, Prime Securities, Jyothy Labs are some of the stocks that are looking good on the charts. Medium term investors could look at Century Enka Rs 195 as the group company Centry Ind is likely to hike stake in the company. Lanco Infra is another stock that might spurt as the compani likely to approve a stock spilt so

Dalal Street to witness some profit booking on negative global cues

(03-12-2009 14:45:53): Took 5200put nifty home as btst

Stocks are headed for a lower open in the final day of trade for the week. A late sell off in the U.S. markets might spur a round of profit booking on Dalal Street. Expect the benchmark index or the Sensex to shed nearly 150 points or close to a one percent for the day

Investors turned defensive after an run up earlier in the day. The Sensex gave up nearly 100 points in less than 10 minutes in the final hour of trade.Pharma stocks were major beneficiaries of the cautious approach of investors and major funds. Stocks like Ranbaxy and Cipla pulled up the sectoral index by nearly 2 percent. Both the stocks closed up by nearly 5 percent with Ranbaxy reaching a new 52 week high.

Metals and Realty are two sectors that might see some profit booking today's trade. Investors could pare their positions in stocks like Sesa Goa, Sterlite Ind and Tata Steel. Some profit booking in Unitech, Orbit Corp and DLF is also adviced. Two stocks that look ripe for profit booking are Jet Airways and Tata Elxsi after the kind of run up we have seen in both the stocks. Book proftits at Rs 600 and Rs 300 respectively.

Finally a day for the bears is in the offing with chances of a severe sell off towards the end of the day. Exit speculative and second rung counters and book partial profits in quality stocks.We recommend short selling Ranbaxy today at Rs 511 levels and Think Soft is another stocks that is looking weak on the charts

New listing Buy Astec Life is looking explosive

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Asia is off for a good start with Nikkei jumping more than 1.5 percent in the opening minutes of the day. Realty Auto and Banking stocks were in the lime light yesterday. We like Realty and Banking to gain some more ground in today's trade.Tata Motors looked hot after nearly appreciating 7 times its 52 week low of Rs 125. IDFC and Ranbaxy were strong on good fund support.

The benchmark indices remained flat, but there was a lot of action in the midcap and smallcap space.The current market conditions point to some more speculative action in the coming days. It is not a bad idea for the risk takers to day trade in second rung stocks. But please be aware not to buy them on a delivery basis, as you might end up with 'junk stocks' forever.

It education stocks like NIIT Ltd and Aptech look strong on the charts and might move up after a side ways movement. There is something cooking in the Mastek counter as the stock was locked in circuit at RS 450 up by nearly 50 percent in the past 2 weeks. Private banks like Dena Bank and Lakshmivilas Bank look strong and might break out from current levels. The new listing Astec Life is looking explosive at Rs 89. Overall a flat day for the markets with some fire works from Midcap stocks, is in the offing