Markets to take off in the green zone

Markets will be opening in the positive zone today but watch out for the later session. Markets are trying to shrugg off the bad news and take off on the good news. It is clearly evident from the last 4 months market movement.

May is here and traditional data shows there will huge sell-offs this month. Last year there was a massive rally contradicting the data. Few midcap results have been stunning in India.

Patni reported a 100% rise in net profit to Rs 157 crore for the first quarter ended March 31, 2010, on improved demand for outsourcing services as well as foreign currency gains. IT is definitely a sector to watch especially the second rung pack but one should keep an eye on the forex markets.

Among other sectors Autos are ruling the roast along with Auto ancillaries, Real estate is yet to pick except for bits and pieces of the country. Commodities are seen stretching from last year's pull back. We expect a bigger set back here.

Today's rally might lure many into the bull side brushing off the wednesday's slide, but this might be one trap you would want to miss out on. After all May is coming and that too after a massive pull back

Volatility to rule, a flat close expected with positive bias

After the massacre on D-Street, bulls might try to recover some of the losses. US Markets closed in the green on Fed comments. In an interesting M&A across the Atlantic IT giant Hewlett Packard acquired smart phone manufacturer Palm Inc.

While European crisis is a reason for the market to correct, one should closely watch the developments in the continent. Spain's rating was cut by S&P yesterday and Soverign debts might just be another leg of crisis.

While US is relatively unimpacted till date, there might be surprises on the road as we move ahead. One should keep in mind the alarming debt levels of US & UK too.

Indian economy is on a revival path that too at a faster pace thanks to domestic spending. The economy is unlikely to take a severe blow irrespective of the crisis. But the impact of global equity meltdown might hit our markets sharply, providing us with an enormous oppurtunity for the medium term.

For not it is worth to the watch the game from the Balcony instead of getting into the ring

Highly Volatile Session

Trade between levels Nifty below 5200 weakness start , NIfty opens near 5250 levels one can see small rebound , 5327 levels above strong only

15:23:26) STBT: BANKNIFTY Sell@ 9770 Target:9700 sl:9810

15:23:00) STBT: RIL Sell @ 1063 Target:1048 sl:1074

"The Stretch" continues, another boring day on cards

Majority Indian retail investors, like any other global equity investors were caught by surprise looking at the ferocity of the current rally. Many are waiting are the sidelines while few jumped in. A correction at this juncture will not only be considered as a life time oppurtunity but also it surely checks the health of the D-Street.

Punters and speculators are all over the street and SMS continue to flood in with messages like "No Questions. No Answers. Just buy this stock". Lot of
pump and dump schemes are running successfully. Don't get caught in the traps. While trading definitely might result in quick bucks. Getting in a illiquid stock might land one in trouble of getting stuck for years.

Indian economy is undoubtedly recovered extremely quick and fast enough but sustaining the growth for a longer period is what should be the major task of the
government. We witnessed a gust of foreign funds which created excess liquidity in the system and still not sucked in by RBI measures. Food inflation is still
at alarming levels.

Stocks to watch today : Rain Commodities, Mic Electronics, NIIT Technologies for 3-5 pct gains

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Another range bound day expected today

It was a roller coaster day in the global equity markets yesterday. Firstly Indian markets jumped big time intraday only to cool off during the fag end of the session. Simillarly US Markets were down 100 points at one point of the day only to close higher.

It is extremely annoying for bears to see the bulls coming out as winners in almost every occasion. From a technical perspective its bad news for bulls, the more this rally stretches with out meaningful correction the more chances of a prolonged correction when it actually starts.

BOA/Merril's upgrade of SBI yesterday at around 10.00 AM pushed the indices higher. It was clearly seen that some amount of short covering added fuel to the fire. We again re-iterate that cheap dollars are propping up the current global equity markets. We are just weeks away from a massive beating. We strictly advice investors to stay away from the equitymarkets.

Interesting block deals were witnessed in stocks like Unitech, Ruch Soya and Axis Bank. While sticking to quality names is relatively better than getting pulled into midcap mania.

Expect huge volatility to dominate this month's F&O expiry.

Get ready for another slide !!!!

Markets closed flat only to start sliding further after hours despite of better numbers from the likes of Ebay, Starbux and Qualcomm. This clearly
indicates tiredness in the rally. Asian markets are trading weak today.

Indian markets continued to trade with a negative bias and we might see 1 or 2 big down sessions coming on the way. Midcap rally continue to
gain momentum with more stocks joining the party. We expect this to burst in 1-2 week time frame.

Realty and banking counters attracted much interest yesterday from punters after the rate hike. Brandhouse Retails gained 18 pct to Rs 56 levels nearing our
target given some time back...We like the space and we have another stock in the sector, getting ready to change gears.

There are two ways to play this midcap rally. One to trade jumping in and out and other way is to sit out. Again we remind May is ahead and
remain extremely cautious.