SOKHI MARKET BUZZ for 8th FEBUAURY !!

Jittery market players were seen unwinding positions in bank, auto, realty and metal stocks. Punters suggest buying in SAIL, Tata Steel, Unitech, DLF and Nalco for relief rally gains. Among the stock futures looking good in an otherwise weak market are Asian Paints, Tata Power, Opto Circuits, Triveni, Essar Oil, Cummins, Mphasis and Petronet.

Buy oil marketing companies — IOC, BPCL and MRPL — for surprising returns. Side counters such as HCC, Punj Lloyd, JP Hydro and CESC are witnessing accumulation from savvy players.

Buy HCC for a target price of Rs 150 in the settlement. For the pre-budget trading, punters expect action in fertiliser, capital goods and power stocks. Buy Tata Power, Reliance Power and CESC at current levels.

Fallout from the luke warm response to the FPO of NTPC likely to be short lived. Buy strong PSU counters in the current weakness. Punters tip Engineers India, Power Finance and REC for short term.

Investors need to have realistic expectations. When expectations are too high, it results in overtrading underfinanced positions and very high levels of greed and fear, which makes objective decision-making impossible.