NEW DELHI: Indian markets are expected to trade higher on Saturday in absence of any major global cues. The key support for the index is around 6,430 levels.
"The Nifty is expected to trend up till 6575 in the next couple of days. In this period the key support will be at 6430 and resistance will be at 6575," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan
"The Nifty has been forming higher tops and higher bottoms; it has also closed above the previous swing's high which is a positive sign for the market," he added.
Mehta is of the view that the short-term bias remains positive for a target of 6600 with reversal at 6430. The medium-term outlook remains positive as the index has started forming higher tops and higher bottoms on the weekly charts

Here is a list of ten stocks which are likely to be in focus in trade Today .. 

Today is special trading session....timing : 11am to 3.30pm

UMBAI/NEW DELHI: The government on Friday raised as much as $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month

As a result, New Delhi managed to exceed its sharply-lowered budget target to raise as much as $3.1 billion via stake sales in some private as well as state companies in the fiscal year to March 31, after years of falling short.
Some analysts hope the new government, taking office in May, will speed divestments to bolster revenue generation and trim the budget deficit, as part of efforts to revive slowing economic growth.

Finance Minister P. Chidambaram had penciled nearly $9 billion in divestment revenues into his budget for this fiscal year, but slashed that figure last month to $3.1 billion.

He also set an ambitious target of raising $8.5 billion from further share sales in the next fiscal year, but this estimate could be revised by a possible successor after the election.

"With the next government in place, one would only expect better fortunes from stake sales," said N.R. Bhanumurthy, an economist at the National Institute of Public Finance and Policy think tank.

 "A recovery in growth sentiment in the market should help sell stakes quite early in the next fiscal year to meet the target."

EW DELHI: All eyes are set on the coming general elections; and ahead of the watershed event the Indian markets are trading near their all-time highs, getting support from strong inflows from foreign institutional investors who are almost certain of a Narendra Modi-led NDA government after the general elections.
The basis of this 'certainty' is thanks to the opinion polls which are overwhelmingly predicting a BJP-led government at the Centre.
In this scenario, what should investors do ahead of the main event? Which stocks to buy and which sectors to choose from?
According to analysts, investors should focus on cyclical, banks and infrastructure, and probably shed weight on defensives such as IT and pharma.
"... it looks like that there is going to be a decisive government post May 16 and if that is your bet it makes sense to approach this market with an 'in the money' strategy," said Nilesh Shah, MD & CEO, Envision Capital.
"Investors may want to leave some ammunition for areas like technology, pharmaceuticals and dollar sensitives, where a correction has started," he said.
Shah is of the view that the sectors (IT & pharma) might get weaker before the guidance season; but barring that the rest of the pack, by and large, looks reasonably stable.

Unlike a mean-reversal rally where investors jump on to stocks that fell the most in the prior period, the recent rally has focused on sectors benefiting from a revival in large-scale infrastructure investment.

"With the sectors that had outperformed thus far, i.e. IT, healthcare and staples, remaining unchanged, the Indian market has been among the best performing in the past month," Credit Suisse said in a report.

Results of opinion polls have successively predicted a stronger victory for the BJP-led National Democratic Alliance, and predict 230+ seats for the alliance.

However, the global investment bank finds the opinion polls an unreliable indicator of the upcoming election result.

Here are experts’ equity calls for the day on how the market is expected to trade:

Ridham Desai, Morgan Stanley: Market is prepping for a macro trade as evident in low stock correlations and high relative volatility. The implied volatility levels are low and given relative valuations, the direction of this macro trade could be down. We are overweight on technology, telecom, consumer discretionary and energy. We remain underweight on banks, industrials, consumer staples and utilities.

Sanjeev Prasad, Kotak Institutional Equities: The reward-risk balance for the Indian stock market is less favourable after the sharp run-up in prices of several domestic cyclical and PSU stocks. Current stock prices already discount FY15 EPS for most large-cap stocks. Earnings upgrades will largely depend on favourable government action in a few sectors, which depend on favourable election outcome and continuation of reforms

NEW DELHI:
The S&P BSE Sensex snapped three-day winning streak and is trading lower in trade on Thursday, led by losses in ITCBSE -1.81 %, L&T, HDFCBSE -1.73 % and ICICI BankBSE -0.75 %.

Tracking the momentum, the 50-share Nifty index was trading near its key support levels of 6500, led by losses in FMCG, auto, oil & gas and auto stocks.

At 11:50 a.m.; the 30-share index was at 21,825.74, down 7.8 points or 0.04 per cent. It touched a high of 21,853.25 and a lo ..

Sun Pharma Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 585

Aurobindo Pharma LtdBSE 1.02 % is a 'BUY' call with a target of Rs 545 and a stop loss of Rs 520

Bank of BarodaBSE -3.07 % is a 'SELL' call with a target of Rs 625 and a stop loss of Rs 655

BHELBSE -2.50 % is a 'SELL' call with a target of Rs 178 and a stop loss of Rs 191
Titan Company Ltd is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250

HULBSE 1.73 % is a 'BUY' call with a target of Rs 587 and a stop loss of Rs 560

Tata Communications LtdBSE 1.70 % is a 'BUY' call with a target of Rs 309 and a stop loss of Rs 285

Karnataka BankBSE 0.78 % is a 'BUY' call with a target of Rs 118 and a stop loss of Rs 108.75

HUL is a 'BUY' call with a target of Rs 590 and a stop loss of Rs 561

Lupin LtdBSE 0.85 % is a 'BUY' call with a target of Rs 980 and a stop loss of Rs 938

Tata Communications Ltd is a 'BUY' call with a target of Rs 305 and a stop loss of Rs 288

IDBI BankBSE -1.18 % Ltd is a 'BUY' call with a target of Rs 70 and a stop loss of Rs 56

Sesa Sterlite Ltd is a 'BUY' call with a target of Rs 190 and a stop loss of Rs 168

Tata Communications Ltd is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 280

Torrent PowerBSE 0.43 % Ltd is a 'BUY' call with a target of Rs 95 and a stop loss of Rs 76

Hitachi Home Ltd is a 'BUY' call with a target of Rs 210 and a stop loss of Rs 165

Here is a list of ten stocks which are in focus in trade today: