RBI cuts repo rate ahead of Feb 3 policy review resulting in 216 points gains in Nifty

All stocks were in green when the market opened in the morning. The rate cut has been just a beginning. We can expect further rate cut and similar rallies in the stock market. Stick to Financials, auto and real estate.

Trade deficit during December fell sharply to USD 9 billion from USD 16.8 billion in November 2014. This is an icing on the cake. FIIs bought shares worth 1,738.24 crores. We can expect further momentum in the market. This will be the pre budget rally.

Yes bank can test new highs as the stock target was revised by Bank of America Merrill-Lynch raises Yes Bank Target Price to Rs. 1,050​. Currently trading around 813.

Stocks to focus on 15/01/15

Metal stocks are in downtrend. There exists an opportunity to short sell metal stocks.

Hindustan Zinc (CMP-153) is a sell for a target of 143. S.L is 160.
150 is major support level.However a huge price volume action can cause a break from the support level.

Sesa Sterlite (CMP-186) is a sell for target of 180. S.L is Major support level is already broken. Further slide is expected in this counter.