After a very painful week in the last where sensex lost about 7% and nifty lost 5.25%, the markets are expected to open in a firm note. We can well expect a gap up opening of 150 points or so in the markets today. The US markets closed up by 0.5% in Dow and 0.8% in Nasdaq. Reacting to this the Asian markets have opened in green now. Nikkei-225 is up about 3.49% currently from 3 months low period now.

The news of Pfizer buying Wyeth for $66billion gave a positive sentiment to US markets yesterday. Then we can expect RBI meeting and an announcement of a further rate cuts. The inflation has come sufficiently down giving room for more rate cuts. The rate cut would help realty and banking stocks. The realty stocks are taking a big dip since some time like those of DLF,HDIL, Unitech etc. UK is officially in recession after 1991 too.

The speculation surrounding the Satyam issue and its selection of new CEO and CFO has moved the stock up by 30%on Friday. The stock also closed up by 60% on Friday in ADR and 10% on last Monday. So it is expected to move further up from 38-39 levels. Few other stocks like Akruti City, Cipla are also moving up these days.

So some intra day calls for today include:

buy Satyam above 39, Stol Loss: 37, Target : 44, 49

buy Cipla above 187,Stop Loss : 184, Target : 192, 194

Sell Punj LLoyd below 90, Stop Loss : 92 , Target : 87, 85

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