Markets might take a breather after 3 days of gains

Nifty range 5045-5125

Stocks might take a breather fro their uptrend after 3 days of solid gains, on Thursday. We might see some profit booking coming in at the current levels, but a significant correction is not expected in the near term. Expect the benchmark index or the Sensex to trade in a band of 100 points with negative bias

As expected Realty stocks hogged the limelight followed by the stocks in oil sector.Jaiprakash Associates led the gainers with a 6 percent gain, while gains in Reliance boosted the Nifty and the Oil space.

The new listing ARSS infra made a stellar debut on the bourses on Wednesday with a gain of 67 percent in the first day. The scrip closed near the highs of the day at Rs 751 against the issue price of Rs 450.Book profits at Rs 800 level in ARSS Infra. As mentioned in our pre-market review, sugar stocks made a come back with KCP Sugars, Triveni Eng and Renuka Sugars gaining between 5 to 10 percent for the day.

Nectar Life, Aqua Logistics, Karnataka Bank and IndusInd Bank are some of the midcaps that are looking technically strong looking at Wednesday's trading pattern. We see the market taking a pause today and the trade might be lacklustre except few stock specific moves in the Midcap space.

Markets to maintain bullish momentum, but gains might be limited

Stocks in India might trade flat with a positive bias in morning session, after two days of big gains for the benchmark indices. Expect the Sensex to gain 0.5 percent or so for some time. Midcaps and Metal stocks might lead the gainers list.

Auto stocks took the center stage yesterday led by Tata Motors which gained more than 12 percent to end the day at Rs 797. Metal stocks were helped by handy gains in Hindalco and Tata Steel. The trend is likely to continue in Metals, while high beta stocks like Realty stocks might make a come back today.

Jet airways is one stock that looked explosive after a long time. The stock gained 15 percent on decent volumes. Further gains in this stock is not ruled out in the near term. Core Projects, Jain Irrigation and TVS Motors are other stocks that look technically posied for futher gains. Sugar is one sector that looks attractive to accumulate at current levels. We believe there is limited downside for these stocks from the current level and slowly accumulate these stocks, especially renula Sugar and Balrampur Chini for some good returns in the medium term.

Time for Action

Stocks are likely to open higher as stocks markets re-open after a holiday on Monday. Expect the benchmark index or the Sensex to gain 100 points or nearly 0.6 percent for the day, after gaining 175 points following the budget presentation on Friday

We have come out with a stock, that could see decent upside post budget, this is exclusive for our paid subscribers. We see the market opening higher and cooling off from there on. Dhanalakshmi Bank, IFCI, IDFC, Reliance Capital and TVS Motors were the stocks that look technically strong.DB Corp, Edserv, Celebrity Fashions and Neyveli Lignite are some of the stocks to watch from a day trading perspective

We believe that FM has done nothing 'significant' in this budget as lot of key initiatives and reforms were left unchanged. There was some good news to autos in the form of a smaller than expected hike in the excise duty, while for the government plans to boost infrastructure came as good news to the Infrastructure and Real estate companies. NBFC's might be another sweet spot with the possibility of new licenses for private banks. As expected tax incentives were announced for Renewable energy firms. Our picks MoserBaer and IDFC performed well on Friday.

Budget might fail to fuel a rally on D-Street

Investors look to cues from the Finance Minister this morning. The mood in the market is not great as the global cues are weak and there is no enthusiasm among the investors. Bulls look tired at this point of time and the only way they could get up and running is with some help from Pranab this morning. Expect the benchmark index or the Sensex to trade in a band of 150 points for the day

Today's market is a special one, as we have never witnessed this kind of inactivity in the past decade. Specultors and traders stayed away from the market and there is no build up in any kind positions. So we expect the budget to be uneventful, barrig fire works in select counters. Power, Textiles and Renewable Energy stocks are the ones to keep a close eye on, ahead of the budget.

Sical logistics, Liberty Shoes and GVK Power were very active in yesterday's trade. GVK Power in particular has seen huge volumes on the last day of expiry. Godrej Ind and Bata are the other stocks that looked decent.We pick Moser Baer, IDFC and Arvind Ltd the winners in this budget. Overall, a big rally is ruled out, unless Pranab manages to pull out an elephant out of his hat

Budget to decide the fate of the markets

Nifty in ranged today levels sms to all clients

Expect the unexpected,as the markets have discounted an uneventful budget. We see some big gains in select stocks, as there has been relatively, less or no movement in the stocks leading to the budget week.

It is strange that the market has not seen any action in the last two weeks prior to the budget. The Sensex has gained more than 6 percent last year in the 2 week period prior to the budget. We have seen a 1 percent move this year. The volume in the exchanges has gone down by nearly 50 percent, reflecting the disinterest in the market. It is safe to say that the effect of speculators will be less during this session and hence less volatility.

We are not sure about the budget sops, but one thing is for sure, Solar and Renewable Energy is likely to get a big boost in the form of tax sops and MoserBaer might be a great bet in today's market. The stock presents as a good trading opportunity at Rs 73 level.Hotel, Textile and Education sectors might get be other sectors that might get some sops in the budget.

Indian stocks markets are likely to open lower following negative global cues and nervousness among the investors ahead of the budget announcement.Futures expiry is likely to be the key to the direction of the benchmark indices this week. Expect the Sensex to lose nearly a percent or 150 points onces in a day

Realty stocks were surprisingly strong, while weakness in the Auto stocks was a major drag on the indices. We might witness continued weakness in this segment, as the run up has been huge in the Auto stocks.Maruti was hit hard followed by Tata Motors and M&M.

We have seen some unwinding in Sugar stocks following a slide in the global sugar prices. Dhampur Sugars, Rajshree and Mawana made the top losers list. We think that the worst is not over for the sugar pack, yet.Speculative activity continued in stocks like Infinite Computers, Pochiraju Ind and Atul Ltd. The new listing Aqua logistics fared well on its first day with a 10 percent gain at Rs 243 on a volume of 27 million shares.

The market is likely to open in red and might remain sub-dued for most of the day. We advice investors to sit out of the market and wait for things to clear up, before taking positions.Stride Arco, Clutch auto, ANG Auto and Mphasis Ltd are some of the stocks to keep on your radar.

Markets feeling budget Jitters

Long Nifty only above 4940

Stocks on D-Street might see another day of lacklustre trade, following a flat close on Monday. The market is looking for cues from abroad, as there no news on the domestic front. Investors look tensed ahead of the budget later this month and we have not seen bullish or bearish positions in the market. Expect the benchmark index or the Sensex to trade in a band of 100 points for the day

IT and Realty were the surprise winners in yesterday's trade. We might see some selling and profit booking in metal and Realty counters today. Stay away from metal stocks, we are bearish on this sector, as the strengthening dollar and credit tightening might trigger some unwinding in this space. Sterlite Ind, Sesa Goa, Tata Steel and Hindalco are the scrips to avoid in the short to medium term.

In the Midcap space, Investors in Thinksoft remained thought less, as the scrip was locked in lower circuit again.Inox Leisure was one stock that rocked yesterday's session, following an open offer by Reliance Media to Fame India shareholders. investors bid up the stock on the hopes that Inox will realize decent profit on the Fame India shares, it has already acquired. Our favourite Indo Tech transformers managed to stand in the top gainers list. Texmaco Ind, Bata India and Infinite Computers are some of the stocks to keep on the radar from a day trading perspective