Book nifty btst with good profits

Indian markets might open higher on Wednesday following a rally in U.S. and global markets. This will be the second day of big gains for equities after a late surge in the afternoon session. we expect the Sensex to gain

Metal and Auto stocks were the front runners in the market yesterday. Metal stocks might repeat the feet again today, as the falling dollar might help, Steel, Aluminum and Copper stocks.After reaching a nine-month high against the euro on Monday, the dollar slipped slightly Tuesday after fellow euro-zone countries agreed to give Greece one month to show it can right its unbalanced budget.

Power stocks might outperform the rest of the market as the Indian Power stocks are likely to mimic big gains in Power stocks abroad. Oil stocks like Cairn Energy and exploration stocks like Selan Exploration might be upbeat after Oil prices spike by $4 on NYMEX.

Midcap stocks continued to fly high again on D-Street. Varun Ind, VIP Industries, Brand House Retail and United Phosphorus are some of the stocks that look strong from a traders perspective. The dream run of thinksoft looks to be over. The stock hit lower circuit in the first hour of trade. There are rumors circling that a big operator who is associated with this counter is in trouble (The scrip will move to T to T segment start ing Feb 19, 2009). Hexaware Technologies, Great Offshore Ltd, Cairn India and Hindustan Oil Exploration are some of the stoks to keep on your Rada

Stocks to edge higher following positive global cues

Book Nifty btst in good Profit

Stocks in Mumbai look to recover after a correcting a little bit on Monday. Positive vibes from the Eurpean markets and uptrend in the Asian markets might bring back some buyers in to the market. Expect the benchmark index or the Sensex to gain nearly 1 percent or more than 150 points for the day

Stocks edged lower yesterday following losses in Oil and Gas and Technology stocks. Telecom sector was a major drag on the indices,with Bharti Airtel giving up more than 9 percent, as the market gave a thumbs down to the company's acquisition of Zain telecom's assets.Reliance Communications, Strelite Ind and Tata Power were other major losers in the Sensex.

The new listing, Indore-based Syncom Healthcare, which is in the marketing and manufacturing of drugs and formulations, finished the day with a premium of 17.33 per cent at Rs 88, after touching a high of Rs 107. We believe that the scrip is over valued at current levels. But, there is heightened speculative interest in this stock and who knows, this might be a money spinner like Think Soft, as it all depends on the operator behind the stock.Hind Rectifiers and SREi Infra were other stocks that look strong from a short term perspective.

Overall, a strong day for the market is in the offing with the possibility of more than 150 point gain.Lakshmi Energy, Infinite Computers and Hexaware tehnologies are some of the stocks to keep on the Radar for traders this morning

Positive momentum to prevail in the markets

Dalal Street might witness sub-dued trade on the first trading day of the week. Expect the benchmark index or the Sensex to trade in a band of 100 points for the day.Largcap stocks look weak, as it has been the case for more than a month. However some interest in select midcap stocks is not ruled out.

Telecom Stocks, especially Bharti Airtel might be active this morning after the Kuwait based Zain telecom group agreed to sell its African assets to Bharti for $10.7 billion. Expect a 3 to 4 percent move in Bharti as the news has already been factored in to the stock price. Idea and Spice Communications might move along with the blue chip.

VIP Ind, Hind Oil Explorations and HBL Power are some of the stocks that might show some strength in the coming days. Railway related stocks like Titagarh Wagons and Texmaco are two stocks that looked explosive on Friday and might see further up side this week. Lakshmi Energy and Hexware technologies are the two other stocks that must be kept on the radar for the next few days

Listless markets look for direction

Stocks might trade flat as the indices are likely to flirt with the dotted line for most of the day. The benchmark index or the Sensex might trade in a band of 50 points for the day, as there are no triggers for the market in the short run.

Consumer Goods and PSU stocks were the laggards in yesterday's trade. ONGC, NTPC and BHEL lost more than one percent each pulling down the index.Metal stocks were strong with Hindalco and Sterlite Ind leading the gainers. The outlook for the metal stocks remains strong following a fall in the dollar in the currency market.

Select Midcaps remained strong even in a lacklustre market. HMT clocked double digit percentage fains for the second day in a row, as rumors of restructuring made rounds in the market.Cranes Software, Natco Pharma and Ajanta Pharma, were other stocks that were active in the market.

Patni Computer Systems might see some volatility going in to Q3 numbers which are likely to be announced today. Dalal Street is a seeing 'lull' period right now and there is little or no news in the market. The indices might move sideways for now,before making a decisive move. The trigger, negative or positive, might come in the form of budget in few weeks.

Stocks set to gain as debt fears subside

Bulls are likely to score for the second day in a row,as subsiding fears of European debt is likely to provide the much needed trigger for the sluggish markets. Expect the Sensex to gain more than one percent, or more than 150 points for the day.

IT stocks managed to attract lot of buyers yesterday and the trend is likely to continue today. The IT sectoral index gained more than 2.5 percent for the day and might gain further in the short term. Realty stocks have seen red even on a green day as the sector has become target of short sellers. We see Realty outperforming in the short term as there might some heavy short covering in this space.

PSU's made a come back today with HMT, STC India and Dredging corp garnering double digit gains for the day. GATI Ltd is one stock that has seen great action on huge volumes and is worth looking at, as there are talks of stake sale making rounds in the market. New listing Jubilant Food works gained 6 percent to close at Rs 244. we think the stock is priced to perfection, and investors should consider taking some money off the table at the current market price.

Nifty above 4780 is buying otherwise sell on rise

Stocks on Dalal Street might might open flat to negative on the back of negative cues from the global markets. We expect the benchmark index or the Sensex to lose nearly one percent or 150 points. Some select Midcaps, have moved against trend yesterday as the interest in this space remains strong

Asian stocks are off to a weak start after a fall in U.S stocks. Australia's ASX 200 is down more than one percent led by commodity stocks, which were hit badly by the strength in dollar.Japan's benchmark Nikkei lost more than 0.5 percent in the first hour of trade.

Telecom operators like Bharti Airtel and Reliance Communications were strong on a weak market yesterday. We expect some selling coming in to these stocks today. Metals and Realty might resume their fall after a day in green yesterday.

We advice investors to stay away from the markets and wait for a better entry point as there is further room for fall. we strongly recommend to sell Midcaps in your portfolio and try to accumulate select Sensex stocks. Tulsyan NEC, Kinetic Motors, Jindal Photo and Chambal Fertilizers were some of the stocks that were active in the Midcap space.

Flat to positive start on cards for the Indian markets

Hot Picks - Reliance Media, Spicejet

Stocks on Dalal Street are poised to stay side ways after a decent performance on Saturday. Expect the benchmark index to trade in a band of 50 to 100 points for the day. Midcap and Smallcap stocks might outperform the rest of the market today.

Realty and Metal stocks which were beaten down during the melt down bounced back with close to 2 percent gains on Saturday. Unitech, JP Associates and Suzlon were among the top gainers among the Nifty stocks on some value bargain hunting by some funds and value investors.

Media companies, Multiplex stocks in particular stole the limelight for the past few sessions. Inox Leisure and Fame India hit circuit filters on Saturday and Fame India might rally further in today's trade. Reliance Media, Gujarat Gas and Indraprastha Gas were some of the stocks that saw some action and could attract some attention in today's trade.

Indian markets might see positive momentum going in to the opening bell, but profit booking might emerge at higher levels. We recommend investors to trim their holdings in high beta stocks on every rise and stick to quality names for now.