Has realty really bottomed?

The bulls seem to have taken some fancy towards the real estate sector expecting the interest rates to have bottomed for the time being. Presenting HDIL which seems to be attracting good volumes nowadays. Trade on a close above the channel could be profitable.

Some stocks which seem to have hit a short term bottom

While the market has given a decent bounce from its recent lows, some stocks seem to be just awakening right now & look ready for a spurt. The "fun" of trading them is the stoplosses for the trade are pretty close to the current levels with a possibility of catching a decent upside. Stocks figured below- BF Utilities & Bhel.

The Big Daddy (US) looks strong!

The S&P index has been leading the world markets in this rally and by the look of this chart (done by MSS, not me) - we seem to have broken out of the range on the upside with strong volumes and 6:1 +ve breadth on Friday. The Nifty seems to have consolidated over the 5k mark and I would guess we could head much higher possibly to fill that 5320ish gap we left behind, not too long ago.However, a word of caution - news flow is causing great volatility in the markets & any adverse news could affect world markets very quickly.

Looking at a couple of stocks with Insider Buying

There has been some recent insider buying by the management in a few stocks. Taking a look at a couple of them - Crompton Greaves & Pantaloon.

Worth a quick trade?

Here are a couple of picks which maybe worth a quick trade, as they have respected their support levels and can be bought with small stoplosses. If you trade these- Hero Honda & IDFC, I highly recommend strict stops below the current support area.

Looking at some beaten down stocks!

With the Nifty having defended the 4720 level 3 times now, the question on many lips is - Is the bottom in? Some stocks are showing signs of a positive divergence from the current low especially in the banks and metal space, so the bottom may well be in, in those stocks. Take a look at Sterlite and Icici bank, they look to have made their bottoms and now dips should be bought.

Other +ve divergence plays include tata steel and axis bank

Split market!!

The market is split right in the middle with the defensives on one side and the 'non-defensives' on the other side.
While index stocks- ITC,Sunpharma & Hindunilever are close to all time or near term highs, the others seem to be pretty much languishing near the near term lows. Stocks like Tata Motors, SBI & Infosys would fit that bill.

The defensive phase continues- for how long its difficult to guess but it shows the psyche of the investor is in a very defensive mode. Lets see if the credit policy statement changes things!