Stocks likely to trade up in early trade Stocks in India are likely to move side ways as investors weigh in the sustainability of the rally in the markets. Expect the benchmark index or the Sensex in a band of nearly one percent or 150 points with a bullish undertone. Bulls look to build on the positive momentum we have seen towards the end of the week.
Markets in Asia are looking to open higher on some positive comments by the International Monetary Fund.Japanese stock futures rose after the International Monetary Fund’s No. 2 official said the IMF will lift its world growth forecasts. The Japanese benchmark or Nikkei is up by nearly 0.6 percent in pre-market trade. We might see a small build up in the run towards budget and can expect some brisk trading in Textile, Power, Insurance and retail and export oriented companies. We are bullish on select retail and textile stocks in the short term and a small rally is not ruled out in these sectors.We have some picks for our subscribers to benefit from the railway budget. Stayam Computer services will go by 'Mahindra Satyam' pulling the curtains on the dark past of the IT bellwether.The stock of Reliance Communications Rs 305 is likely to be in limelight as news reports suggest that the world's largest mobile company,China Mobile is mulling to pursue strategic alliance and a possible equity partnership of 5 percent in the ADAG company.Expect some early fire works in the stock. Short term investors could place some calculated bets on stocks that are likely to benefit from budgetary reforms. Traders could look at a minor up move in metals and select midcaps in today's trade. Gujarat Industrial Power, Bartronics,Insecticides India, Religare Enterprises and BGR Energy are the stocks to keep on the radar in Monday's trade B.Karthick Research Analyst --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
