Time to prepare yourself for Budget

Buy nifty and book profit

Bulls on D-street look to dominate the street, after a loss of close to 1 percent on the benchmark indices, on Friday. We expect the market to gap up in the open and then crawl from there all through the day. Expect heavy action budget themes, as the stage might set for these stocks

Metals and Realty sectors which suffered heavy losses on Friday might try to recover their losses. The correction on Friday hit the Mid and Smallcap stocks, more than the heavy weights, which lately has not been the trend in the previous corrections.

Watch out for Power, Rail related and some select cement stocks to firm up before the budget fever begins.Banking is another space that looks interesting at the current levels. We like Century Enka, Heidelberg Cement, Ind-Swift labs for today's session.Pidilite Industries,Orchid Chemicals and ABG Shipyard look sharp from a technical perspective.

Stocks set to tumble, as U.S. begins unwinding stimulus

Although we are negative about the broader market, traders could make bets in select counters, Cement and Power in particular. We like cement stocks in the short term, as the news of price hike might bode well for the companies in the short run. Metals is one space we would like strictly avoid in the current market scenario. So please stay away from Hindalco, Tata steel, Sesa Goa and Sterlite Ind at current levels.

Ssome Midcaps like Omax Auto, Hydro S&S, Nilkamal Plastics and NELCO showed some strength in a week market. We see the trend continuing in Midcap space, while largecap stocks might see some consolidation at current levels.

Stocks to trade in a narrow band

Stocks on Dalal Street might open flat to positive on Thursday, after a gain of more than one percent on both the Sensex and Nifty. We expect the major indices to trade in a band of 0.5 percent for the day, as there is a likelihood of profit booking at higher levels. However, we should see buying in select counters like power, which might be major beneficiaries of budget sops

Consumer Durables and Metal sectors were the leaders in yesterday's trade, helped by gains in Tata steel, Sterlite Ind and Hindalco.Telecom counters remained strong with buying activity in Bharti Airtel and Reliance Communications. We might see some profit booking in Metal counters today, so please stay away from getting in to these stocks at higher levels.There was a flurry of buying orders in stocks like On Mobile, Godrej Ind, Fortis Healthcare and Videocon Ind following the announcement that these stocks will be added to the F&O segment starting Feb 19, Friday.

We like Power and power related Midcaps like Indotech Transformers, Voltamp Transformers and Emco Ltd. We see this as a great way to participate in the pre-budget rally. Cement is another sector that might firm up in the run up to the budget. Heidelberg Cement and Prism Cement are the stocks to watch out in the Midcap space. Shares of Thinksoft Ltd failed to find buyers for the second day in a row with the scrip ending lower by 20 percent at Rs 318

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.